LNG Tanker Rates Reach All-Time Highs On Soaring Demand

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 rates…