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13 November 2019 The on-line newspaper devoted to the world of transports 19:12 GMT+1

October 6, 2005

MISC to gain if US turns to LNG

By Susan Tam

Malaysia International Shipping Corp (MISC) Bhd stands to reap big gains should rising natural gas prices drive the United States to turn to liquefied natural gas (LNG) as an alternative energy source.

Natural gas prices have hit a high of US$14.58 per mmbtu (million British thermal units) following the aftermath of Hurricane Katrina, which are 50% higher than prices last winter. This rising trend is expected to continue into this winter and the rest of the decade ......
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