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Al Jazeera
Al Jazeera
Business

Dozens of ships carrying LNG linger around Europe’s coast

Europe Natural Gas Vortexa
A liquid natural gas (LNG) tanker ship being loaded up at Raslaffans Sea Port, northern Qatar [File: AP]

More than 30 tankers holding liquefied natural gas (LNG) are idling just off Europe’s shoreline, the Financial Times reported, as traders are holding out for higher market prices.

According to shipping analytics company Vortexa, the ships are carrying a combined worth of $2bn of LNG, and are sailing slowly around northwestern Europe and the Iberian Peninsula.

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