LNG Weekly Report - Week 20

The LNG market experienced a stable week with 8 spot fixtures; 3 from the US Gulf, 3 from West Africa, and 2 East of Suez. While Atlantic rates face slight pressure from tonnage ballasting from the east, no significant declines were recorded. Charterers are predominantly focused on smaller TFDE tonnage, which is impacting 2-stroke availability in the Atlantic. Interest in prompt Pacific cargoes is rising, potentially exerting further pressure on TFDE rates. The term market remains active, highlighted by a confirmed long-term fixture and an upcoming tender that may influence longer-term offer levels.