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LNG spot rates boom stokes hopes of ‘vast improvement’ in 2021

Rates are averaging more than double what their values were a year ago. Strong rates are expected to continue in 2021, with increasing demand from Asia to cope with a colder winter

Japan, China and South Korea are dominating shares of incoming shipments, according to the latest Lloyd’s List Intelligence data, while average daily LNG spot rates have broken the $200,000 barrier with the onset of the new year

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