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Tuesday, November 21, 2017, 5:13 p.m.

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New ships hold natural gas longer

Tankers take longer routes to get better prices, avoid fees

By ANNA SHIRYAEVSKAYA Bloomberg News

This article was published August 20, 2017 at 2:06 a.m.

the-arctic-discoverer-liquefi-ed-natural-gas-lng-tanker-operated-by-k-line-lng-shipping-uk-ltd-sits-moored-at-the-gate-lng-terminal-as-wind-turbines-stand-beyond-in-the-port-of-rotterdam-in-rotterdam-netherlands-in-june

The Arctic Discoverer liquefi ed natural gas (LNG) tanker, operated by K Line LNG Shipping UK Ltd., sits moored at the Gate LNG terminal as wind turbines stand beyond in the Port of Rotterdam in Rotterdam, Netherlands, in June.

When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America instead of taking a shortcut through the expanded Panama Canal. Not only is the route free of canal transit fees, but advances in technology mean less of the fuel would escape during the journey.

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