Oil prices and European gas prices rose on Monday following coordinated US and Israeli strikes on Iran, while several shipowners have reportedly suspended LNG carrier operations via the Strait of Hormuz.
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French energy giant TotalEnergies and compatriot shipping firm CMA CGM have received approval from the European Commission to form a 50/50 logistics joint venture and operate an LNG bunkering supply solution at the Dutch port of Rotterdam.
Atlantic spot LNG shipping rates continued to decrease this week, dropping to $40,000 per day, the lowest since the start of the Middle East conflict, according to Spark Commodities.
Atlantic spot LNG shipping rates continued to drop this week, decreasing to $51,750 per day, the lowest since the start of the Middle East conflict, according to Spark Commodities.