LNG Shipping Rates Hit Multi-Month Highs on Tighter Vessel Availability, Winter Demand

LNG shipping rates hit multi-month highs on tighter vessel availability, winter demand

The price gains amplify competition for available LNG carriers, reversing the trend of lacklustre shipping rates seen for much of this year

LNG Shipping Rates Hit Multi-Month Highs on Tighter Vessel Availability, Winter Demand - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Shipping rates for liquefied natural gas have hit multi-month highs on tighter vessel availability, delayed cargo deliveries to Egypt and rising demand ahead of winter, shipping sources said. The price gains amplify competition for available LNG carriers, reversing the trend of lacklustre shipping rates seen for much of this year. Prices tumbled to five-year lows ...

LNG shipping rates hit multi-month highs on tighter vessel availability, winter demand - Regional Media News

By Emily Chow SINGAPORE (Reuters) -Shipping rates for liquefied natural gas have hit multi-month highs on tighter vessel availability, delayed cargo deliveries to Egypt and rising demand ahead of winter, shipping sources said. The price gains amplify competition for available LNG carriers, reversing the trend of lacklustre shipping rates seen for much of this year. Prices tumbled to five-year lows in February as fleet additions outpaced demand, …

NYMEX Closes Above $4 Based on LNG Exports, Cold Winter Forecast - Marcellus Drilling News

The NYMEX futures price for natural gas was a rocket ship over the past two weeks. The NYMEX price closed at $4.1240/MMBtu on Friday, breaking the $4 barrier barely a month after we struggled to break the $3 barrier. In October, the NYMEX front-month contract rose an astounding 82.10 cents per MMBtu, or 25%. In...