European countries have boasted that their gas storage facilities have been filled at higher than usual levels before the start of winter. Yet more LNG cargos are arriving in Europe at such rates that they are jamming ports. And freight rates are through the roof, adding to already record LNG prices.
Earlier this week, media reported that there were more than 30 LNG tankers idling off the coast of Spain, waiting to unload at one of its regasification terminals. Clearly, these terminals were not sufficient for the surge of LNG imports into the country,…LNG Bottlenecks Are Emerging In Crisis-Stricken Europe
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