Lack of LNG terminals can’t explain full gas storage and prices on the spot market for gas falling into the negative as tankers trying to sell their gas can’t find people to buy it (as was the case last month).
Oh and the article explicitly mentions Russian LNG making up 16% of the LNG imports in Europe, how is that “still largely coming from Russia”?
Yes, it obviously can. Your LNG storage can hold a limited amount of fuel. This amount is not meant to replace the flow of pipeline gas. Yet, it’s not possible to fill past that amount. Hence, ships are stuck and trying to dump LNG by any means they can. It’s kind of amazing how little you seem to understand about the situation here.
Oh and the article explicitly mentions Russian LNG making up 16% of the LGN imports in Europe, how is that “still largely coming from Russia”?
Oh well my bad then, some of Russian LNG is being repackaged by India and China whilethe rest comes from US at even higher price.
Lack of LNG terminals can’t explain full gas storage and prices on the spot market for gas falling into the negative as tankers trying to sell their gas can’t find people to buy it (as was the case last month).
Oh and the article explicitly mentions Russian LNG making up 16% of the LNG imports in Europe, how is that “still largely coming from Russia”?
Yes, it obviously can. Your LNG storage can hold a limited amount of fuel. This amount is not meant to replace the flow of pipeline gas. Yet, it’s not possible to fill past that amount. Hence, ships are stuck and trying to dump LNG by any means they can. It’s kind of amazing how little you seem to understand about the situation here.
Oh well my bad then, some of Russian LNG is being repackaged by India and China whilethe rest comes from US at even higher price.