The rates charterers pay for vessels to move LNG cargoes across the world are declining, especially in the Atlantic Basin, as global natural gas prices dip and ship availability surges after months of tightness. Spark Commodities on Tuesday assessed spot freight rates for Feb. 8-March 10 deliveries in the Atlantic at $60,500/day, unchanged from Monday.…
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The Offtake: LNG in Brief
A roundup of news and commentary from NGI’s LNG Insight BP plc has agreed to supply Chinese utility Foran Energy with 300,000 metric tons/year of regasified LNG beginning in 2021. The LNG would arrive at Guangdong Dapeng LNG import terminal, where BP has a stake. The deal follows a similar one BP signed earlier this…
July 29, 2020
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