The EU was left without gas in the winter: LNG tankers change their purpose


European countries never cease to brag that their gas storage facilities are filled to a much higher level before the start of winter. More LNG cargoes are arriving in Europe at such a rate that they clog ports. And freight rates are skyrocketing, adding new numbers to already record LNG prices. But these are not all the problems that await the EU in the very near future. This is written by a specialized resource OilPrice.


As the flow of LNG to Europe continues, the shortage of LNG tankers is becoming more and more significant. Now every serious buyer of natural liquefied gas includes LNG tankers in their investment portfolio, according to a study by the Wall Street Journal columnist and part-time head of shipping research at Jefferies, Omar Knockt.

There are very limited transportation options on the market and freight is very expensive.

- the expert says.

Freight rates for LNG carriers have skyrocketed, adding to already significant LNG import bills in Europe and Asia. Spot rates for LNG tankers have risen sixfold since the start of the year, hitting a record $450 a day this week, according to a Baltic Exchange report cited in a Wall Street Journal report. Brokers expect that figure to rise to half a million dollars a day, or even a million, as demand remains strong ahead of winter.

An additional factor that adds to the cost of transporting LNG is that a significant portion of the existing LNG fleet is currently being used as floating storage as traders expect the price of the commodity to rise even further as winter sets in and hold ships and the commodity itself. In fact, for commercial reasons, traders have changed their purpose for LNG tankers, making them not mobile platforms, but stationary tanks, although the need for LNG logistics is high. With such an approach of gas traders, it can be said that the EU was really left without gas on the eve of winter. It was difficult to replace Russian gas, almost impossible. Imported LNG helped in this matter, and now its supply is in question.
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  1. prior Offline prior
    prior (Vlad) 24 October 2022 09: 50
    +3
    By analogy with the well-known proverb:
    Europe had no problems, got itself Ukraine ......
    Now all of Europe is in trouble and you can’t get rid of Ukraine, stuck like ...... to your pants.
    1. Petr Koldunov Offline Petr Koldunov
      Petr Koldunov (Peter) 24 October 2022 12: 35
      +4
      Quote: prior
      By analogy with the well-known proverb:
      Europe had no problems, got itself Ukraine ......

      Well, why "by analogy"? Exactly - "I bought a pig ..." laughing
  2. k7k8 Online k7k8
    k7k8 (vic) 24 October 2022 09: 58
    +2
    The EU was left without gas in the winter

    Our song is good
    start over
    Gas prices in Europe fell sharply
    https://lenta.ru/news/2022/10/24/gas/
    1. Bakht Offline Bakht
      Bakht (Bakhtiyar) 24 October 2022 10: 38
      +5
      We are all happy for Europe in which the price of gas has fallen. Now Volkswagen and Basf can return production.

      The International Energy Agency predicts a record drop in natural gas consumption in European countries in 50 years. By the end of 2022, it may be reduced by more than 50 billion cubic meters. m. At the same time, the volume of supplies of liquefied natural gas to Europe will grow by 80% year on year

      https://www.forbes.ru/finansy/478789-mea-sprognozirovalo-rekordnoe-za-50-let-padenie-potreblenia-gaza-v-evrope-v-2022-godu
      1. k7k8 Online k7k8
        k7k8 (vic) 24 October 2022 11: 07
        -2
        You are absolutely right. It remains only to stop Yaroslavna's crying about gas in Europe. But you, unfortunately, did not understand sarcasm.
        1. Bakht Offline Bakht
          Bakht (Bakhtiyar) 24 October 2022 20: 40
          +1
          You are absolutely right, I did not understand sarcasm. I saw the information and responded with information.
          You are also right that the price of gas in Europe is becoming irrelevant for Russia. It can be 100 dollars for a thousand cubic meters, and 10 for the same thousand. If the share of Russian gas is 000% with a downward trend, then this is no longer interesting to anyone.
          Europe can easily reduce the price of gas to $100. You just need to disconnect from the supply of the household.
          1. Vladimir1155 Offline Vladimir1155
            Vladimir1155 (Vladimir) 25 October 2022 08: 27
            +1
            Quote: Bakht
            Europe can easily reduce the price of gas to $100. You just need to disconnect from the supply of the household.

            the industry is already turned off, if you heat it with firewood and dung, then the price of gas is really not important, .... only what will the EU live on if the industry is completely liquidated, ... it will not work to pay with printed paper for a long time .... and this decrease is how much higher than the price of pipeline gas? twice? at first it became 10 times more expensive, but it became only 9 times more expensive? great achievement...
            1. Bakht Offline Bakht
              Bakht (Bakhtiyar) 25 October 2022 16: 05
              -1
              Not so simple.

          2. alexey alexeyev_2 (Alexey Alekseev) 25 October 2022 10: 52
            +1
            Turn off households and see a European riot - senseless and merciless. fellow
      2. Grei grin Offline Grei grin
        Grei grin (Gray Grin) 24 October 2022 18: 37
        +1
        The Stone Age is confidently moving towards Europe, for which we are all happy, the green agenda is moving in strides, they are refusing gas and they will bask in the sun (when it happens), and cook on fires! Beauty, went into the bushes, did the job and wiped his finger with a burdock, what else is needed for happiness! Merging, so to speak, with nature and down with comfort and civilization!
      3. DonniCat Online DonniCat
        DonniCat 24 October 2022 19: 56
        +2
        The price has gone down and the cost of freight has gone up.
    2. Foe Pshekov Offline Foe Pshekov
      Foe Pshekov (Arkady) 25 October 2022 03: 15
      +1
      Problems from the fact that the prices fell did not become less. Moreover, "wild prices" were at the brokers of European stock exchanges, and not at all by gas sellers. The world did not notice the decline in prices on European stock exchanges. Excess gas cannot be pumped into storage facilities, and October is not considered a cold month. There was a dependence of 40% on the Russian Federation, now they have become 50% dependent on the United States. Given that the price of LNG in any case is always higher than the price of gas from the pipe. Problems in Europe have not yet begun. They start in a month.
      PS: But if you destroy the gas carriers, just blow up like pipelines... what will happen?
    3. Aldo6773 Offline Aldo6773
      Aldo6773 26 October 2022 08: 10
      0
      Yes, someone will say that they give it literally for free - some $ 1000 per thousand cubic meters. Let's leave out the fact that it is still 3-4 times higher than the average before the start of the heating season.
      The most important thing here is that gas and Europe are like a fox and grapes - the price is going down, but it is practically impossible to buy gas for it. The storage facilities are filled almost to capacity, and there is simply no other storage capacity. The weather is warm, deindustrialization is going according to plan. Therefore, demand has generally declined, and now it has temporarily declined even more.
      By the way, UGS facilities were filled, I note, also by no means at current prices. Consequently, the average consumer will not experience the joy of this seasonal price reduction. Warm weather won't last forever. Also, Asian traders are gradually returning to buying fuel for their markets, thus reducing the supply for Europe.
      And finally, dozens of LNG tankers floating off the coast of Spain, Portugal and the UK are also in no hurry to unload, waiting for prices to rise.
      Therefore, the figures on the graph look, of course, beautiful, but the Europeans do not particularly have to rejoice at this.
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 24 October 2022 10: 29
    -3
    Yes, in time it is necessary to give a hang-up in the training manual ...
    otherwise it’s already funny - 3 years "Europe will freeze in winter and die out ..."
  4. Fizik13 Offline Fizik13
    Fizik13 (Alexey) 24 October 2022 19: 05
    0
    The EU was left without gas in the winter: LNG tankers change their purpose

    In a previous article, the Americans promised to supply gas to Turkey:
    "Gas in exchange for sanctions: the United States gave Turkey an ultimatum against Russia"
    https://topcor.ru/28869-gaz-v-obmen-na-sankcii-ssha-predjavili-turcii-ultimatum-protiv-rossii.html
    The Americans have already practically supplied gas, and soon Hungary WILL RECEIVE IT too ...
  5. Fizik13 Offline Fizik13
    Fizik13 (Alexey) 24 October 2022 19: 08
    0
    Damn, but what about gas for Turkey ...
    EVERYONE will be left without gas!!!
    Europe, Turkey. ..... (Germany has practically remained ...) ...
  6. polynet Offline polynet
    polynet (polinet) 24 October 2022 19: 32
    +1
    Quote: Bakht
    We are all happy for Europe in which the price of gas has fallen. Now Volkswagen and Basf can return production.

    The International Energy Agency predicts a record drop in natural gas consumption in European countries in 50 years. By the end of 2022, it may be reduced by more than 50 billion cubic meters. m. At the same time, the volume of supplies of liquefied natural gas to Europe will grow by 80% year on year

    https://www.forbes.ru/finansy/478789-mea-sprognozirovalo-rekordnoe-za-50-let-padenie-potreblenia-gaza-v-evrope-v-2022-godu

    Everything is fine, but you have not tried to calculate how many gas carriers are needed to keep the volume of gas supplies at the level of previous years. Count - and you yourself will understand why the gas is not enough from the word at all.
  7. i232323b Offline i232323b
    i232323b (Igor) 24 October 2022 22: 25
    0
    The article is more of an analytical type, about nothing ... forecasts and fantasies