Sanctioned LNG ships gather off Russian coast as buyers withdraw, Bloomberg reports
Sanctioned LNG ships gather off Russian coast as buyers withdraw, Bloomberg reports
Tankers bearing sanctioned Russian liquefied natural gas (LNG) have clustered off Russia's eastern coast following suspension of operations at the Arctic LNG 2 plant, indicating that Moscow is unable to find buyers for its product amid sanctions.
Tankers bearing sanctioned Russian liquefied natural gas (LNG) have clustered together off Russia's eastern coast, indicating that Moscow is struggling to sell the product amid Western restrictions, Bloomberg reported on Oct. 30.
Days before, commerical liquefication at Russia's Arctic LNG 2 came to a halt due to shipping difficulties imposed by Western sanctions.
Three of the tankers now anchored near Russia previously loaded cargo from the Arctic LNG 2 facility. The vessels — Nova Energy, Pioneer, and Asya Energy — are docked near the port of Nakhodka, according to ship-tracking data compiled by Bloomberg.
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Tankers bearing sanctioned Russian liquefied natural gas (LNG)
IIRC, you have to burn off a certain percentage each day to keep LNG on a tanker cool, so presumably, they're going through their LNG supply.
kagis
https://www.quora.com/What-is-a-boil-off-gas-in-LNG
Despite LNG tanks being insulated due to natural evaporation and rolling of liquid due to sea conditions there is about 0.10 - 0.15 % of total amount of cargo evaporating daily.
So it evaporates unburned? That might be worse than burning it, given methane is a greenhouse gas.
I'm sure they burn it off. I can see some reference to LNG tankers having the ability to use the LNG as fuel,, so I assume that they just send it there.
.15% per day adds up pretty quick
Assuming 0.125%, it's very roughly 10% of the original total every three months for the first year
Thing is, your profit margin isn't 100%, and this is gonna eat into this.