A roundup of news and commentary from NGI’s LNG Insight

  • The Japan Korea Marker spot price jumped 15% day/day to shatter Monday’s record at $32.494/MMBtu amid a supply shortage and severe winter weather. Trafigura Group Pte. Ltd. also reportedly purchased a cargo for delivery in the region at $39.30. The rally continued in Europe as well, where natural gas prices hit multi-year highs as Arctic air settles in and supplies dwindle. 
  • Charter rates for vessels are also setting records, with one deal in the Atlantic Basin completed for $350,000/day as traders scramble to find ships to meet demand. “There is pretty much no availability for the next 2 weeks or so,” said analysts at shipbroker Braemar ACM of vessel inventories. “If production issues closer to the key markets will...