LNG

Sept 16 (LNGJ) - Shipping spot charter rates for LNG carriers dropped in the past week by $3,500 per day to between $63,500 per day and $59,500 per day in the West of Suez market for vessels of 155,000-165,000 cubic metres capacity.

   East of Suez spot charter rates fell by the same amount to be quoted at between $60,500 per day and $56,500 per day, according to London brokers. One-year charter rates for the most modern vessels were unchanged at about $93,000 per day.

Indian liquefied natural gas imports last month dropped by more than 17 percent amid a 40 percent surge in cargo prices year-on-year, while domestic natural gas production more than offset the fall in imports.