Atlantic LNGC freight rates continued to fall last week ending up at $16,250 per day last Friday, while Pacific rates also softened, according to Spark Commodities.
The US front-month arbitrage to northeast Asia, via the Cape of Good Hope, also closed out further.
"This (last) week saw the strongest signal to Europe for US prompt cargoes since December, 2022, driven by continuing falls in the JKM/TTF spread, as the JKM fails to match the recent TTF rally," Spark’s analyst, Qasim Afghan, explained.
