Tanker with russian LNG cargo turns away from United States
Petroleumworld 01 22 2018
A liquefied natural gas (LNG) tanker probably carrying some supply from a Russian export project has been diverted from the United States, ship-tracking data shows.
** Engie's Gaselys LNG tanker was diverted on Friday from the Everett terminal in Boston, Massachusetts, where gas prices have tapered off since spiking during a cold snap. **
The vessel picked up the cargo from storage tanks at Britain's Isle of Grain import terminal in early January.
** The delivery to the United States was unusual because the LNG at Isle of Grain's tanks also contained some supply from Russia's new Yamal export plant.
** Yamal's main shareholder Novatek was targeted by U.S. sanctions due to Russia's role in the Ukraine crisis.
** In December, Yamal's first shipment aboard the Christoph de Margerie tanker deposited a cargo at Isle of Grain, leading some of that supply to be mixed into the cargo picked up by the Gaselys.
** After journeying more than halfway across the Atlantic, the Gaselys reversed course on Friday with a new heading for Gibraltar, a popular bunkering and anchorage point.
** Spot natural gas prices in New England averaged $12 per million British thermal units (mmBtu) this week and $19/mmBtu so far this month due to a freeze that depleted gas supplies used to heat homes and businesses in the first week of the new year.
** That compared with an average of $3.80/mmBtu for all of 2017.
Reporting by Oleg Vukmanovic and Scott DiSavino; Editing by Edmund Blair) from Reuters.
reuters.com 01 19 2017
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