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Floating LNG Declining Away from Winter Peak

LNG

The total estimated quantity of LNG on tankers that have not unloaded for at least 20 days decreased 22% over the last week according to Bloomberg.

  • Strong floating volumes waited off Europe this winter to try and cover Russian gas shortfalls but that has since cleared.
  • A warm winter for Europe has seen demand collapse and lessen the need for the LNG imports in the region though demand is expected to hold up this summer with the need to refill onshore storage ahead of next winter.


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