FLEX LNG: 11% Yield On LNG Shipping
Flex(FLEX) Seeking Alpha·2024-07-14 21:15
Natallia Pershaj/iStock via Getty Images Liquid Natural Gas, known as LNG, had a surge in 2022. This was due to Russia's invasion of Ukraine, which caused European countries to change their buying patterns. LNG shipping prices increased accordingly. Europe remains the biggest importer of LNG, but it appears to be adopting more of a wait and see approach in 2024, with up to 66% of its LNG demand uncontracted: FLNG site Higher rates in 2022 allowed FLEX LNG Ltd. (NYSE:FLNG) to secure higher long-term ch ...