LNG Shipping Costs Surge, Europe Fills Storage
Update: 2025-11-18
Description
LNG Shipping Costs Soar: Europes Winter Gas Needs Impact Global MarketLNG shipping costs from the US to Europe have surged to a near two-year high, driven by robust European demand for winter gas storage. Daily shipping costs reached nearly $100,000, a 19% increase, as Europes storage is currently 81% full, short of the 90% goal before November. Analysts predict rising costs may slow Asian LNG demand, but experts believe prices are nearing their peak. Asias LNG imports have decreased, with Europe taking the lead, particularly for US-sourced gas. Over the first ten months of this year, Asias total LNG imports were down by more than 14 million tons compared to last year, influenced by countries like China importing less LNG each month since November.
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