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LNG market riding high, but will the gains continue?

Editor by Editor
3 years ago
Reading Time: 1 min read
LNG_market
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due to freezing temperatures and tight vessel supply. However, the current market conditions are poles apart from the supply-demand fundamentals with the market slated to be in super-backwardation. Source: Drewry
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