European Ports Jammed With LNG Tankers – Driving Up Soaring LNG Prices
As winter rapidly approaches in Europe amid a crippling energy crisis, tankers carrying much-needed liquid natural gas (LNG) are causing chaos in ports. Europe’s urgent need for natural gas has caused an increase in deliveries to several European ports, but the facilities don’t have enough dock space to handle the influx of ships. It has been reported that more than 30 LNG tankers are idling off the coast of Spain waiting to gain access to one of its regasification terminals. Spain has six such import terminals – the largest amount in Europe.