LNG Tanker Rates Soar To Highest Level In 10 Years ...Middle East

OILPRICE - Economy
LNG Tanker Rates Soar To Highest Level In 10 Years
source : OILPRICE ( Middle East ) () 15
Last week we showed that while US nat gas prices have had several catalysts that have propelled them higher in recent weeks, one of the biggest drivers why nat 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…

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