AFTER two months at sea and a dramatic U-turn near the Hawaiian islands, the Hellas Diana tanker carrying US liquefied natural gas (LNG) has declared the UK as its destination, reports Bloomberg News.
The lng tanker's move underscores how high natural gas prices in the EU continue to draw cargoes from more traditional seasonal markets in Asia.
The Malta-flagged tanker left Cheniere Energy's Corpus Christi LNG on the US Gulf Coast on November 28, crossing through the Panama Canal, and was on a path to Asia when it abruptly turned around on December 20.
The tanker crossed through the canal a second time and crossed the Atlantic Ocean to EU waters where it's expected to dock at Milford Haven. The voyage took seven weeks.
'Under the latest forward curves, most flexible cargoes globally still have the incentive to go to Europe,' said LNG industry analyst Hadrien Collineau.
SeaNews Turkey
The lng tanker's move underscores how high natural gas prices in the EU continue to draw cargoes from more traditional seasonal markets in Asia.
The Malta-flagged tanker left Cheniere Energy's Corpus Christi LNG on the US Gulf Coast on November 28, crossing through the Panama Canal, and was on a path to Asia when it abruptly turned around on December 20.
The tanker crossed through the canal a second time and crossed the Atlantic Ocean to EU waters where it's expected to dock at Milford Haven. The voyage took seven weeks.
'Under the latest forward curves, most flexible cargoes globally still have the incentive to go to Europe,' said LNG industry analyst Hadrien Collineau.
SeaNews Turkey
