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Luckily, LNG ships can simply be parked at sea until prices rise again, same for oil tankers. Pipelines going into almost full storage don't have that luxury.
by hef19898 4y ago
Luckily, LNG ships can simply be parked at sea until prices rise again, same for oil tankers. Pipelines going into almost full storage don't have that luxury.
- jandrese 4y agoIt costs money every day to leave the ships parked and idle, but in some ways it is a good thing. Those ships are basically extra storage in the event of a long cold winter that stresses the natural gas supply harder than expected. They offer flexibility to deal with pipeline shortages.
- hef19898 4y agoThe costs of having those tankers parked is orders of magnitude less then the value of their cargo and potential profits.