Floating Storage

Excelerate Energy Inc. has for now shifted its focus to fulfilling Europe’s need for natural gas as the continent continues working to buildout import infrastructure to fill the void left by declining Russian supplies.  The company has the world’s largest portfolio of floating LNG terminals and has worked to deploy the infrastructure and pursue other…

A spike in coronavirus cases in some parts of the world was again pressuring commodity prices Monday as concerns over energy demand persisted. Oil moved lower as the week got underway, but gained slightly with the Brent September contract finishing at $43.28/bbl. In the United States, natural gas prices failed to rally last week even…

A roundup of news and commentary from NGI’s LNG Insight There were 29 laden LNG vessels floating worldwide on Wednesday, according to ClipperData, shy of a record 32 floating vessels in June. About 20 laden vessels had been floating for three to seven days, eight had been floating for 10-23 days, and one vessel for…

The number of vessels floating with liquefied natural gas (LNG) aboard and waiting to discharge at terminals worldwide declined markedly on Tuesday.  ClipperData showed 20 vessels floating, down from 23 a week earlier and a peak of 33 on June 19. Kpler had 13 vessels tagged as floating, compared to 20 at the end of…

The liquefied natural gas (LNG) market continues to plumb new lows as the month comes to an end, with a record number of laden vessels floating worldwide while prices and demand remain weak.