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Pacific LNG shipping rates up, European prices jump

By LNG Prime Staff
For illustration purposes only (Image: TMS Cardiff Gas)

Pacific spot liquefied natural gas (LNG) freight rates continued to increase this week, while European prices surged compared to the week before. Last week, Pacific rates experienced a $5,500 increase and Atlantic rates decreased. “Spark30s Atlantic rates continued to decrease for the fourth consecutive week, falling by $1,250 to $73,750 per day,” Qasim Afghan, Spark’s commercial analyst told…

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