LNG tankers idle off Europe’s coast as traders wait for gas price rise
Hundreds of liquefied gas tankers are in the sea off the coast of Europe and are in no hurry to unload. With Europe's full storage facilities, gas prices have fallen, so gas sellers are waiting for cold weather to hit Europe, storage facilities to empty and prices to rise. Nothing personal, just business, earlier European authorities accused the United States of supplying gas to Europe at a price 5 times higher than gas costs in the States.