LNG

Liquefied natural gas and wholesale pipeline gas prices and futures eased this week to be just above recent seasonal levels pre-2022 for the North Asian spot cargo market and European gas benchmarks as shipping spot charter rates surged and European Union gas storage levels continued their record build.

Aug 30 (LNGJ) - Shipping spot charter rates for LNG carriers were steady for a second week. Rates in the West of Suez market were quoted at between $72,000 per day and $68,000 per day for vessels of 155,000-165,000 cubic metres capacity.

   East of Suez spot charter rates were between $69,000 per day and $65,000 per day, according to London brokers. One-year charter rates for the most modern vessels were quoted at around $93,000 per day

June 24 (LNGJ) - Shipping charter rates for LNG carriers in the spot market rose again in the past week by around $8,000 per day in the West of Suez market to between $82,000 per day and $78,000 per day for vessels of 155,000-165,000 cubic metres capacity.

   For vessels East of Suez spot charter levels were up $6,000 per day to between $66,000 per day and $62,000 per day, according to London brokers. One-year charter rates for the most modern vessels also increased by $3,000 per day to around $82,000 per day.