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Ukraine tensions boost Asia LNG shipping stocks on demand hopes ajot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ajot.com Daily Mail and Mail on Sunday newspapers.
Shares of Taiwanese and other Asian shipbuilders and shipping firms rallied yesterday on expectations that European countries might seek seaborne sources of natural gas as tension escalates with Russia over Ukraine. Russia is Europe’s top gas supplier, with typically about one-third of flows traveling through Ukrainian pipelines. A disruption of Russia’s supply to Europe is likely, the Eurasia Group has said, with Germany effectively freezing the approval process to start the new Nord Stream 2 gas pipeline. For Europe to boost liquefied natural gas (LNG) imports from other countries such as the US, it would need more tankers to ship the fuel by ....