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LNG: LNG at Sea at Least 20 Days Rebounds to Early August Levels

LNG
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The total estimated quantity of LNG on tankers that have not unloaded for at least 20 days increased by 7.6% last week to 3.87m tons as of Aug 11, according to Bloomberg estimates.

  • Volumes at sea have recovered from a low of 3.25m tons on Aug 7 back to levels seen at the start of the month to remain well above the previous five year range for the time of year. The five-year seasonal average volume is around 1.86m tons.
  • The estimated volume of LNG on tankers that have not unloaded for at least 30 days is relatively unchanged on the week at 1.35m tons compared to 1.33m 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 7.6% last week to 3.87m tons as of Aug 11, according to Bloomberg estimates.

  • Volumes at sea have recovered from a low of 3.25m tons on Aug 7 back to levels seen at the start of the month to remain well above the previous five year range for the time of year. The five-year seasonal average volume is around 1.86m tons.
  • The estimated volume of LNG on tankers that have not unloaded for at least 30 days is relatively unchanged on the week at 1.35m tons compared to 1.33m tons a week earlier.

 

Keep reading...Show less