Pandemic-led slowdown holds back Nigerian LNG deliveries
Ships laden with liquefied natural gas cargoes from Nigeria have taken weeks more to land in Europe as demand dries up. India and Bangladesh, however, appear to have made use of this window to take in any distressed or stranded cargoes
Cargoes are taking twice as long to land in Spain and France and some have been diverted to Asia or the Indian subcontinent
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Beijing’s push for liquefied natural gas conversions on river boats has been met with several setbacks, including the lack of LNG fuelling infrastructure and standards for LNG-powered ships
For the first time in a decade, gas is more expensive in the US than in Europe
The million-dollar question now is which importing country can pick up the slack from where India has left off so shipping rates on the spot market may stay supported
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