Although two of the world’s three largest LNG exporters now face an ‘inter-basin shipping premium’ to reach their secondary markets (United States to Asia and Qatar to Europe), due to the curtailment of LNG shipping via the Panama Canal and Red Sea, the global LNG market has accommodated it, and will continue to do so. This is itself a testament to the development of the global LNG market, in terms of supply volumes in both the Atlantic and Pacific Basins, and in terms of the flexibility offered by a liquid, traded, global market.