MARAN GAS DELPHI

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‘Mystery’ LNG Cargo Floating in the Mediterranean

(Bloomberg) — A liquefied natural gas tanker plying the waters of the Mediterranean has created a guessing game for energy traders. The Maran Gas Delphi has taken a meandering course after loading up on U.S. shale gas a month ago at Cheniere Energy Inc.’s Sabine Pass export terminal in Louisiana. The ship anchored off the coast of Greece for several days, prompting speculation that it would deliver its supplies to a port in the region. Instead, the tanker is now bound for the Red Sea, raising the prospect that it may instead travel to Southeast Asia. The winding track of the Maran Gas Delphi is a testament to how a gas glut fed by surging production from countries including U.S. and Australia is complicating global trade of the fuel. The rise of so-called homeless LNG, or supplies not already committed to customers, is confounding efforts by traders and analysts to get a grasp of the market and make bets. https://gcaptain.com/mystery-lng-cargo-floating-in-the-mediterranean/