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Unlike oil, LNG boils off while sitting off the coast, so this is not a long term strategy.
by empedocles 4y ago
Unlike oil, LNG boils off while sitting off the coast, so this is not a long term strategy.
- makomk 4y agoArguably it's a better long term strategy - the rest of Europe doesn't really have a way to refill their storage once it's been emptied over winter.
- rowanajmarshall 4y agoI'm not talking about sitting tankers off the coast, I'm talking about the UK's ability to continually attract new LNG tankers thanks to major existing infrastructure, and being able to afford it. The UK is setup to be able to keep a just-in-time LNG delivery system in place; Germany is not.
- fbdab103 4y agoAt what rate? 1% per day/week? If it takes N weeks to criss cross the Atlantic to refill from the US, maybe it is worthwhile to lose X% off the top to sell when possible. I have no doubt the energy companies have teams of analysts crunching the numbers on a daily basis.