New problem in gas market: impending shortage of LNG tankers

Just as Europe wants to import liquefied gas en masse, there is a threat of a shortage of LNG tankers. Charter prices peak at $120,000 per day and some cargoes cannot find a ship. “We’re experiencing a perfect storm.”

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The replacement of the 150 billion cubic meters of Russian gas that is imported into Europe each year is causing a headache for the market. By the end of the year, the EU aims to cut that volume by two-thirds…

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