LNG sector turning to long-term vessel charters and offtake
GasLog is removing LNG carriers from a spot-charter pool as short-term shipping rates languish, while Woodside has hinted at a review of its previous plan to pre-commit only half of new capacity to long-term offtake
Charter rates and cargo prices in the spot market are nowhere near last year’s highs, prompting a U-turn in favour of committing vessels and new volumes to long-term charters and offtake
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