US Gulf congestion fuels LNG price surge
Liquefied natural gas prices have maintained a rise to one-year highs since Friday, according to S&P Global Platts assessments. Vessel incidents in the US Gulf of Mexico have blocked tanker access to two mega LNG plants there
Blockages to key approach channels to LNG plants in the US Gulf have coincided with an LNG winter demand uptick, which typically starts every October. With no certainty on when restrictions to access for deep-draft vessels will be lifted, Asian prices have risen