LNG

Asian spot LNG prices have risen to near record levels last week, as Asian buyers sought to secure supply ahead of winter, narrowing the price spread with Europe where Russian gas flows remain curtailed.

GasLog Ltd, the LNG fleet owner with 35 carriers split with its US affiliate GasLog Partners, said the group had signed three new loan agreements amounting to $1.1 billion arranged by 12 banks as it confirmed jobs cuts, reductions in expenses and the delivery of a new vessel.