LNG Marine Fuel Use To Grow Despite Pandemic Downturn

The COVID-19 pandemic has not faltered the LNG-fueled fleet, reports Gasum.

Risavika LNG front month (Jan) has dropped by 1.6% week on week to 24.10 EUR/MWh on milder weather forecast, thus, lower demand from power sector. Global LNG receipts fell to 29.7 million mt in November from 30.9 million mt a year earlier, according to Argus Media.

The drop was mainly the result of European demand shrinking by nearly 30% to 5.85 million mt. Poland and Lithuania were the only two...

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