Excelerate Energy Cargos May Remain on Board Vessels Long-Term
Posted on Aug 17, 2006 in Markets and Competition, Regas Terminals & Capacity, Vessel Transportation | Comments Off on Excelerate Energy Cargos May Remain on Board Vessels Long-Term
Excelerate Energy has begun to employ an unconventional strategy in order to capitalize on seasonal LNG market trends. As an alternative to rushing LNG shipments to specific destinations to minimize transport costs resulting from boil-off, cargoes may remain on board vessels for potentially six months or longer to take advantage of more favorable gas prices in peak months. Details of the strategy as well as further Excelerate developments are in yesterday’s Platts LNG Daily. [Subscription required]