LNG has a long history of not getting any love.
Famously, in 1971...a Russian oil rig fell into a crater filled with LNG. They figured the best move was not to capture the LNG...but to use it to burn the oil rig. 50 years later...that crater is still burning...and is known as the Door to Hell .
LNG has often been thought of a cheap, plentiful energy...
AS OF YESTERDAY THE STOCK ANNOUNCED IT COMPLETED THE PURCHASE OF REVOLUTIONARY LNG TANKERS FROM BP GROUP AND THE ADVANCEMENT OF FORTHCOMING CONTINUOUS CONTRACTS TO SHIP TO THE EU. THEY ALSO ANNOUNCED THEY WILL PURCHASE TWO MORE HYUNDAI WHICH WILL EXPAND FLEET BY 2017. GLOP THE LP PARENT COMPANY ATTEMPTED TO TAKE A HIT WHOEVER CLOSED STRONG WITH THE REVENUE ALL...