Trillion Energy International Inc. C.TCF

BUYREALOW ;

[Rockit2]

I'm reading 94% full ! Unbelievable. I still think once the cold weather hits the price of nat gas will go through the roof ! Nobody really knows how fast they will go through storage because they've always had a steady flow of Russian gas ! Really strange situation !!

[Limitup56]

https://www.reuters.com/business/energy/lng-ships-play-waiting-game-off-spains-coast-higher-prices-eyed-2022-10-26/ loads of LNG  lined up awaiting for prices to spring board

[Buyreallow]

The ships sitting waiting for gas rates to rise are few and far between, and are usually those owned by the same company that owns the gas on board.  Demurrage rates on LNG tankers exceed $250,000 per day, so sitting idle for any period of time becomes very expensive.  The ship owner, of course, does not have to pay themselves for the ship sitting idle. A guessing game, no doubt, as to

[Limitup56]

would it not be prudent to have secured hedging contracts to offset this scenario from happening? Its my understanding that capacity reduction of lng at the refinery is maxed out along with storage capacity. quite a conundrum....