LNG Weekly Report - Week 19

This week, LNG freight rates remained stable amid limited multi-month chartering activity, with seven spot fixtures and two multi-month deals finalized. In the Atlantic, demand has largely been met for May, with early to mid-June loading fixtures now being negotiated. A production outage at Freeport has compounded tight tonnage availability, keeping rates consistent. The East of Suez market is facing lower cargo activity, influenced by Middle East tensions, while the Pacific remains soft due to competitive sublet players and disrupted output from the Barossa project. Despite a slightly softened tone in the Pacific, charterers are actively seeking to secure tonnage amid potential market uncertainty, driven by geopolitical factors.