Spot charter rates for the global liquefied natural gas (LNG) carrier fleet increased this week for the first time in five weeks, exhibiting a 19 percent week-on-week increase in the Atlantic, according to Spark Commodities.
LNG Prices Drop
Last week, the Atlantic rate fell to $132,500 per day, while the Pacific rate decreased to $129,500 per day.
“The Spark30S Atlantic increased by $25,000 to $157,250 per day, and the Spark25S Pacific increased by $13,250 to $142,750 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday.
European LNG
Last week, the NWE DES LNG for November was assessed at at $14.975 per MMBtu, a $0.565 discount to the TTF price.
“The SparkNWE DES LNG price for November deliveries fell $0.150 week-on-week to $14.824/MMBtu, partially driven by an increased discount to the TTF which widened by $0.31 to $0.875/MMBtu,” Afghan said.
Natural Gas Prices
The TTF price for November settled at $15.718/MMBtu on Thursday.
Platts assessed JKM, the price for LNG cargoes delivered to Northeast Asia, for December at $17.550/MMBtu on Thursday.
The average for November was $14.475/MMBtu, it said.
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Source: LNG Prime
