Business
Sailing around in circles: LNG tankers idle at sea as buyers delay cargoes – Sydney Morning Herald
One in three tankers loaded with cargoes of Australian LNG in June is either anchored at sea or taking a longer-than-usual journey to its destination.
One in three tankers loaded with cargoes of Australian liquefied natural gas last month is either anchored at sea or taking a longer-than-usual journey to its destination as coronavirus prompts more buyers to delay deliveries.
Australia’s producers of liquefied natural gas (LNG), one of the nation’s most lucrative exports, have been hit hard by the pandemic, which has gutted global demand for fuel and sent prices crashing to multi-year lows. Leading LNG producers including Woodside, Origin Ener…
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