MARKETS

Traders are storing LNG at sea ahead of approaching winter season

ENERGY traders and power utilities are storing more LNG at sea, a BNN Bloomberg report said on Friday, adding that it's an unusual move to hoard supply for winter as the market faces a severe shortage.

Tim Daiss

Traders are storing LNG at sea ahead of approaching winter season

Gas-starved utilities in Europe are parking LNG shipments off the coast in a scramble to replace Russian pipeline gas this winter because they can't simply import the fuel into onshore storage because...

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