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LNG at Sea Rebounds from Low Volume Last Week

LNG
Energy BulletsCommodities

The total estimated quantity of LNG on tankers that have not unloaded for at least 20 days increased by 1.7% over the last week to 3.27m tons as of April 28, according to Bloomberg estimates.

  • Volumes at sea are holding above the previous five year range and well above the five-year average of 1.92m tons having recovered from a low of 2.956m tons on April 23.
  • The estimated volume of LNG on tankers that have not unloaded for at least 30 days fell to 1.337m tons in the week compared to 1.562m tons a week earlier.

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The total estimated quantity of LNG on tankers that have not unloaded for at least 20 days increased by 1.7% over the last week to 3.27m tons as of April 28, according to Bloomberg estimates.

  • Volumes at sea are holding above the previous five year range and well above the five-year average of 1.92m tons having recovered from a low of 2.956m tons on April 23.
  • The estimated volume of LNG on tankers that have not unloaded for at least 30 days fell to 1.337m tons in the week compared to 1.562m tons a week earlier.

Keep reading...Show less