LNG Freight Rates Hit Record High As Europe Races To Secure Gas

OilPrice.com | Oct 11, 2022 at 9:36 AM
  • LNG carrier rates hit an all-time high on Tuesday, driven by growing prompt demand for gas in Europe as the continent tries to procure supply ahead of the winter.
  • The new record for Atlantic LNG freight rates was higher than the previous record of $374,000 per day set on Monday, as assessed by Spark Commodities.
  • Europe’s demand has left few LNG ships available, and some buyers are now concerned they may not be able to charter vessels to bring in the gas.