LNG tankers idle off Europe waiting for winter price hikes

MORE than 30 tankers holding LNG are floating just off Europe’s coast as energy traders bet the autumn price reprieve prompted by robust supplies and warm weather will prove to be fleeting, a Financial Times report said on Friday.

LNG tankers idle off Europe waiting for winter price hikes LNG tankers idle off Europe waiting for winter price hikes LNG tankers idle off Europe waiting for winter price hikes LNG tankers idle off Europe waiting for winter price hikes LNG tankers idle off Europe waiting for winter price hikes

The ships, which are carrying some US$2 billion combined worth of LNG, are idling or sailing slowly around northwest Europe and the Iberian peninsula, according to shipping analytics company Vortexa.

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