Converging prices drive LNG purchases nearer home
Gas trading will split into three regional markets by 2020 which will lead to fewer long-haul shipments, say analysts
London
THE tanker British Sapphire just finished its own version of Homer's Odyssey. BP plc's vessel, capable of holding 155,000 cubic metres of liquefied natural gas, set sail from Trinidad in mid-February in search of the highest price on world markets. It headed for Asia, changed course toward Europe when it was halfway to the Cape of Good Hope, and then sailed back toward the Caribbean.
It docked in the Dominican Republic after completing a 14,400-kilometre, month-long trip that left it 1,280 km from its starting point, and unloaded, signals from the ship compiled by Bloomberg from IHS Maritime data showed.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified