LONDON: Forget Asian hunger for energy or where liquefied natural gas costs the most, at the moment it’s all about tanker rates.
Northwest Europe has seen a boom in LNG imports this month, with cargoes arriving from atypical sources including Peru and Egypt, while the US and Russia are also sending tankers into the most liquid gas market outside of North America. That’s come as shipping rates have climbed to near records while the premium Asia pays for fuel has barely changed.
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