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  • “The Market Has Exploded”: LNG Charter Rates Soar As Traders Rush To Secure Tankers

    06/06/2022 5:17:38 AM PDT · by blam · 21 replies
    Zubu Brothers ^ | 6-6-2022
    Last week we showed that while US natural gas prices have had several catalysts that have propelled them higher in recent weeks, one of the biggest drivers why natural gas is trading at the highest level in over a decade, was the recent surge in LNG exports to Europe as Reuters’ energy expert John Kemp explained in detail. But while the surge in oil exports is bad news for US consumers, it’s fantastic news for LNG tankers because as the FT reports, the world’s largest gas traders are scrambling to secure liquefied natural gas tankers ahead of winter after the...