Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

LNG Tanker Bound For Asia Turns Around, Heads To Europe For Massive Arbitrage Opportunity

Courtesy of ZeroHedge View original post here.

Fuel-starved Europe is attracting liquefied natural gas (LNG) tankers from around the world. We reported Monday that a flotilla of US LNG is headed to the continent. There are reports that tankers in the Pacific are turning around and ditching Chinese markets for Europe. 

Bloomberg reports LNG tanker Hellas Diana (IMO: 9872987) left Corpus Christi, Texas, on Nov. 27 has since made a U-turn near Hawaii and is traveling back to the Panama Canal and is likely headed to Europe. 

So far, seven tankers bound for Asia have diverted to Europe as there are massive arbitrage opportunities for US LNG amid an energy crunch on the continent. 

Even though Dutch TTF natural gas prices soared to record highs last week and have since been halved on the news, a US LNG flotilla is in the Atlantic headed for the continent. There is still a lot of money to be made as Europeans are willing to pay a heft premium. 

The massive blowout spread between US and EU natural gas prices has more than halved but is considerably higher than the beginning of the year — implying there’s money to be made in sending US LNG to Europe rather than Asia. 

As long as European natural gas prices remain elevated, more tankers will be diverted to the fuel-starved continent as Russian gas flows remain depressed. 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!