Comments on: Ship Ahoy http://www.smokewriting.co.uk/2009/02/17/ship-ahoy/ Another Fine Edition of Me Tue, 13 Apr 2010 12:55:08 +0100 http://wordpress.org/?v=2.8.6 hourly 1 By: Perry525 http://www.smokewriting.co.uk/2009/02/17/ship-ahoy/comment-page-1/#comment-13324 Perry525 Tue, 17 Feb 2009 18:18:06 +0000 http://www.smokewriting.co.uk/2009/02/17/ship-ahoy/#comment-13324 As the "Tembek" is new and does not use or waste any gas, she can presumably stay at sea for ever and wait for LNG prices to go up again. However, news is, there is a glut of LNG at the moment, with various buyers trying to wriggle out of contracts due to the downturn in producing electricity from LNG. BG has always preferred the spot market - now they may well come unstuck. Perry As the “Tembek” is new and does not use or waste any gas, she can presumably stay at sea for ever and wait for LNG prices to go up again.
However, news is, there is a glut of LNG at the moment, with various buyers trying to wriggle out of contracts due to the downturn in producing electricity from LNG.
BG has always preferred the spot market – now they may well come unstuck.
Perry

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