LNG Weekly Report - Week 29

Atlantic spot rates in the LNG market maintained a steady range, with at least seven fixtures completed and additional cargoes traded on an FOB basis. As the week progressed, a growing list of available tonnage indicated a potential easing of supply, although expectations were bolstered by upcoming August requirements from USG and West African sources. In the East, activity remained concentrated around prompt dates, particularly in the Middle East and Pacific regions, with three fixtures reportedly covering early August laycans. Ongoing operational challenges in the Strait of Hormuz introduce additional caution among market participants. Mid-term sentiment indicated downward pressure on one-year rates, influenced by persistent Qatari tonnage, while long-term perspectives remained uncertain as stakeholders assessed the influx of vessels expected in late 2026 and 2027 against evolving supply-demand dynamics.