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European Floating LNG Falls

NATURAL GAS

The cold snap cut back the number of floating LNG storage cargoes waiting off Europe by around a third according to ICIS.

  • Demand is dropping this week with milder weather - the UK alone needs the equivalent of one less LNG cargo per day.
  • ICIS counts around 18 LNG tankers waiting near Europe that don't look to be delivering straight away or are delivering in a few days after waiting several weeks. That's down from 28 in late November.

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