Buyers Are Stocking Up On Floating LNG Ahead Of The Winter

Utilities and natural gas traders have been keeping the highest volumes of liquefied natural gas (LNG) at sea in two years as onshore gas terminals are full, and traders look to profit from an expected additional spike in gas prices in Europe and Asia when winter comes.  While it’s common for crude traders to hoard vessels waiting to profit by selling the oil later, stocking up on LNG is not a common practice because the fuel evaporates over time.  However, desperate times call for desperate measures: the energy crisis and gas crunch…