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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (198190)	3/8/2018 4:27:27 PM
From: Elroy Jetson	Respond to of 206223

An LNG terminal does store LNG, and it could store LNG if the incoming shipment can't be sold elsewhere, but the LNG market is now too large for that situation to occur. As with oil, an incoming tanker of LNG can always be redirected to another destination. As you know Chevron, Shell and every other major energy provider does this routinely. Back in the 1980s we would receive printed ship schedules updated twice daily showing the current destinations of each ship in the fleet so we could reroute ship supplies to the correct port. When the SS Otto Miller left Ras Tanura for Europort we had suppliers fly something like a specialty Freon from New Jersey to Cape Town. But when the schedule was updated, the SS Otto Miller was now headed to Singapore, so the Freon had to be reshipped from Cape Town to Singapore. Thankfully I was a buyer at the time rather than one of the expediters who never took a break. Tankers would not only change direction, but also speed and often act as floating storage. Flank speed costs quite a bit more than Slow Normal. If a tanker had rounded Cape Town headed for Canaport, but Canaport didn't need the delivery, until it was sold on the ship would be ordered to Slow Normal to essentially maintain position until we knew where the new destination would be. Tankers sometimes even did 180 degree turns and retracted their prior path. We wondered if the crews thought us mad.