LNG traders divert cargoes from Europe to Asia as eastern demand strengthens

Three liquefied natural gas (LNG) cargoes on course for Europe have been diverted to Asia to meet stronger Asian demand and as gas prices in Europe have eased, according to analysts and shipping data. The quick change in course reflects agility oftrading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder …

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Flurry of new tonnage diverges LNG shipping rates from bullish cargo market

European LNG cargo prices are rising, contrasting sharply with falling shipping rates. This divergence is driven by strong demand signals and a tighter winter supply balance for LNG, while the shipping market is experiencing an influx of new vessels, coupled with weak demand and a bearish outlook. Platts, part of S&P Global Commodity Insights, assessed …

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