Energy

LNG market won’t suffer from ship grounding if resolved quickly: WoodMac

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Vessel ELENI M is seen after passing through the Suez Canal in Ismailia, Egypt March 24, 2021.

Amr Abdallah Dalsh | Reuters

The disruption caused by the grounding of a large container ship in Egypt’s Suez Canal­ — halting marine traffic through one of the busiest and most important waterways in the world — is not likely to have a major impact on the liquefied natural gas (LNG) market unless prolonged, according to an analyst at Wood Mackenzie.    

The ship, called Ever Given, ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement. Rescue efforts are currently underway with multiple…



Source cnbc.com

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