LNG Cargo Swaps

2 May 2017: “On April 11, WILPRIDE delivered RasGas’ cargo from Qatar to Zeebrugge. On the same date, Shell-controlled GasLog SKAGEN delivered a cargo from Sabine Pass to Pakistan. Both vessels transited the Suez Canal in opposite directions. Inter-basin flows are positive news for shipping, but combined they present an opportunity for shippers to reduce transportation costs by swapping cargos. If RasGas and Shell could have entered into an LNG swap, in theory they may have been able to achieve savings of approximately US$ 0.42 / mmbtu per cargo (Fig 1), which equates to roughly US$ 1.5 million.” Please fill out the following form to access the full article.