LNG Shipping Costs Surge, Impacting Global Markets
Update: 2025-11-24
Description
LNG Shipping Costs Soar: High Demand, Limited Supply Drive Up PricesThe cost to rent a ship for transporting liquefied natural gas (LNG) from the U.S. to Europe has reached its highest point in almost two years, with the daily rate jumping by 12% to $130,750. This surge is due to increased American LNG exports to Europe and Asia, creating a tighter market for transportation. Traders are holding onto LNG, expecting higher prices during winter months. Shipping rates for LNG in the Pacific have also risen significantly, though not as high as the Atlantic. Asian countries, including China, have imported less LNG this year, contributing to the overall trend.
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