Costa Azul LNG

Natural gas prices have seen a steady decline in recent months, largely attributed to an oversupply of the blue fuel following a milder-than-anticipated winter season worldwide.

From plans for liquefied natural gas terminals in northern Germany, Finland and France to potential new routes through Spain and the Mediterranean, Europe is striving to rid itself of its dependence on Russian gas, though experts say the task will take years to complete.

The newly built liquefied natural gas (LNG Carrier) ship "LNG Energy Integrity" was received on May 14 by Alpha Gas of the family of Anna Angelikoussi and Frangiskos and Antonis Kanellakis.

By Nikos Roussanoglou

Greek shipowners have invested a total of 1.44 billion euros in acquiring 11 liquefied natural gas (LNG) carriers so far this year, according to a report in Tuesday’s Wall Street Journal.