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Russia's Gazprom (OGZPY.PK) and Japan signed an agreement Saturday to develop plans for a $7B...

Russia's Gazprom (OGZPY.PK) and Japan signed an agreement Saturday to develop plans for a $7B liquefied natural gas plant on Russia's Pacific coast, potentially delaying gas export pipeline projects to neighboring China and South Korea. Stocks that could be impacted include GLNG, LNG, SRE, TGP, CQP, GLOG, GTLS.
Comments (2)
  • Middle East Sanctions of a different sort.
    10 Sep 2012, 12:34 PM Reply Like
  • The lack of pipelines, or a slowdown in build-out of pipelines to China or South Korea, would eventually help companies operating LNG tankers. Many of the current vessels are on long term charters, so the effect on the few vessels negotiating spot rates should be minimal.

     

    I don't see Cheniere (LNG) being negatively impacted much by this. Due to transit times and shipping rates, it would make more financial sense for export cargoes to go to Europe or Latin America, instead of a long haul to Japan.
    10 Sep 2012, 02:44 PM Reply Like
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