Tanker Rates Turn Negative As U.S. LNG Flocks To Europe
The spot charter rates for shipping U.S. liquefied natural gas to Europe have just turned negative
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The spot charter rates for shipping U.S. liquefied natural gas to Europe have just turned negative
Asian liquefied natural gas (LNG) prices rose this week, despite tepid Asian demand, tracking strong gains in Europe on the latter’s tightening gas market ahead of peak winter months amid supply concerns. The average LNG price for February delivery into Northeast Asia rose to $43.35 per metric million British thermal units (mmBtu), up $7.55, or ...
Global natural gas prices remained strong Tuesday as benchmarks in Europe and the United States bounced back amid a colder forecast and supply shortages
As the world braces for winter, many regions are buying up LNG inventory in preparation, sending tanker rates into the stratosphere
The natural gas and energy shortages sweeping across Europe, Asia and the United States have now affected the cost of shipping liquefied natural gas (LNG). One of the first disastrous changes to [...]