Gap between Atlantic and Asian basin LNG prices to boost shipping rates

摘要

The gap between natural gas prices in the Asian and Atlantic basins will keep trades between the two regions profitable through the Northern Hemisphere's spring, boosting shipping rates, BusinessWeek reported, citing DNB Markets. In an e-mailed report from an Oslo-based anaylst, spot prices in Asia rose to US$19.1/MMBtu, 25 percent higher than long-term contracts.