Spot LNG shipping rates rose slightly this week, Spark says

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week compared to the week before, according to Spark Commodities.

Last week, LNG shipping rates increased for the second week in a row. The Spark30S Atlantic increased to $165,000 per day, and the Spark25S Pacific increased to $150,250 per day.

“LNG freight rates rose again this week, with a 0.5 percent week-on-week increase in the Atlantic,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday.

He said the rate of increase in freight rates has decreased over the last two weeks, “showing signs that this renewed winter rally is slowing down.”

Spot LNG shipping rates slightly up this week, Spark says
Image: Spark

Afghan said that the Spark30S Atlantic increased by $750 to $165,750 per day, while the Spark25S Pacific increased by $2,250 to $152,500 per day.

European and Asian LNG prices

As per European LNG pricing, the SparkNWE DES LNG front month also slightly declined from the last week.

The NWE DES LNG for December was assessed last Friday at $14.303/MMBtu and at a $0.81/MMBtu discount to the TTF.

“The SparkNWE DES LNG price for December delivery is assessed at $14.289/MMBtu and at a $0.825/MMBtu discount to the TTF,” Afghan said.

“This is a $0.014/MMBtu reduction in DES LNG price, and the discount to the TTF widened by $0.015/MMBtu, when compared to last week’s December prices,” he said.

Spot LNG shipping rates slightly up this week, Spark says
Image: Spark

According to Platts data, JKM, the price for LNG cargoes delivered to Northeast Asia, remains under $18/MMBtu and it dropped from last week.

JKM for December settled at $17.255/MMBtu on Thursday.

Most Popular

Excelerate buys NFE’s Jamaica business for $1.05 billion

US FSRU player Excelerate Energy has entered into a definitive agreement with compatriot LNG player New Fortress Energy to acquire NFE’s business in Jamaica for $1.055 billion in cash.

Snam’s Ravenna FSRU to get first LNG shipment

Snam's 170,000-cbm FSRU BW Singapore, located off Italy's Ravenna, is set to receive the first LNG cargo from the US as part of its commissioning activities.

Argentina’s Enarsa gets offers for LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received seven offers for its first LNG cargo tender in 2025.

More News Like This

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Turkish and UK terminals remain top destinations for US LNG cargoes

LNG import terminals in Turkiye and the UK were the top destinations for US liquefied natural gas cargoes for the third month in a row in January 2025, according to the Department of Energy’s LNG monthly report.

Atlantic LNG shipping rates rise to $31,000 per day

Atlantic LNG freight rates rose to $31,000 per day this week, while European prices also increased compared to the prior week.

GECF says February LNG imports climb

Global liquefied natural gas (LNG) imports rose by 3.7 percent year-on-year in February, boosted by higher imports in Europe, the Gas Exporting Countries Forum said in its latest report.