Asia is stocking up on LNG inventory to avoid a repeat of last winter’s supply shortage. Surging demand for LNG and increased shipments of U.S. gas to Asia are sending spot LNG freight rates to new records. Higher demand in Asia and a jump in U.S. exports to the region will likely keep the LNG tanker market tight throughout the winter. Asia is stocking up on liquefied natural gas (LNG) to avoid a repeat of last winter’s crunch when colder than usual temperatures sent 2020/2021 winter spot LNG prices to records. Now prices are even higher, but many Asian buyers are still on the spot market despite the expensive gas in the global energy crunch. Surging demand for LNG and increased shipments of U.S. gas to Asia, including China, are sending spot LNG freight rates in the Asia Pacific region to new records. This week, Pacific spot LNG freight […]