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LNG: LNG Volumes At Sea Fall from Peak but Still Trend Higher

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The quantity of LNG on tankers that have not unloaded for at least 20 days has fallen from a high of 4.64m tons on Sept. 14 but is still 0.8% higher on the week at 4.1m tons as of Sept. 15, according to Bloomberg estimates.

  • LNG floating storage has surged since mid August and along with high underground storage in Europe and muted demand is helping to ease some winter supply fears.
  • Volumes at sea are well above the previous five year range for the time of year with the seasonal average around 2.1m tons. An increase in volumes at sea is normally expected in October ahead of the winter heating season in Europe and Asia.
  • The estimated volume of LNG on tankers that have not unloaded for at least 30 days is also up on the week from 1.76m tons to 1.91m tons although below a peak of 2.06m tons on Sept. 1.

 

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The quantity of LNG on tankers that have not unloaded for at least 20 days has fallen from a high of 4.64m tons on Sept. 14 but is still 0.8% higher on the week at 4.1m tons as of Sept. 15, according to Bloomberg estimates.

  • LNG floating storage has surged since mid August and along with high underground storage in Europe and muted demand is helping to ease some winter supply fears.
  • Volumes at sea are well above the previous five year range for the time of year with the seasonal average around 2.1m tons. An increase in volumes at sea is normally expected in October ahead of the winter heating season in Europe and Asia.
  • The estimated volume of LNG on tankers that have not unloaded for at least 30 days is also up on the week from 1.76m tons to 1.91m tons although below a peak of 2.06m tons on Sept. 1.

 

Keep reading...Show less