LNG

Global liquefied natural gas cargo prices from North Asia to the European Union continued their upward trend for a fifth week, defying the record storage levels at the end of the winter season amid market concerns about possible energy policy or geopolitical threats that could undermine sentiment in the months ahead.

May 20 (LNGJ) - Shipping charter rates for LNG carriers in the spot market declined in the past week by around $12,000 per day in both the West of Suez market and East of Suez. Fixtures in the Atlantic and Pacific basins were quoted at between $69,000 per day and $65,000 per day for vessels of 155,000-165,000 cubic metres capacity. One-year charter rates for the most modern vessels were unchanged at around $77,000 per day.