LNG Tanker Rates Soar on Booming U.S. Exports
Market Intelligence Analysis
AI-PoweredLNG carrier rates have surged to a two-year high due to strong demand for U.S. liquefied gas exports to Europe, driven by the region's efforts to fill up storage ahead of winter.
Market impact analysis based on bullish sentiment with 83% confidence.
Article Context
LNG carrier rates for the Atlantic route between the U.S. and Europe have surged close to a two-year high on strong demand for American liquefied gas as Europe fills up its storage ahead of winter. The spot rate hit $98,250 per day on Monday, Bloomberg reports, which was a 19% increase and the highest in over a year, according to price trackers. The European Union’s gas storage is now 81.94% full, which is less than the 90% target the bloc had for November, before the winter colds begin. Most of the gas that the EU uses in winter comes from…
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