LNG Weekly Report - Week 27

The LNG market exhibited stability in the Atlantic region, with spot rates remaining largely unchanged as demand primarily absorbed by the QELM fleet. Despite ongoing tensions affecting transits through the Strait of Hormuz, availability tightened for late July to early August, contrasting with expectations of ample July coverage in the Asia-Pacific. Although TFDE rates softened to around USD 30,000 per day, two-stroke vessels continue to seek lower rates. Additionally, interest in winter contracts increased, although no new mid-term deals were struck this week, given market length and speculative pricing for upcoming tenders.