High carbon prices and unusual weather tighten LNG market
Concerns over replenishing heavily drawn-down inventories have pushed buyers in Europe and Asia to snap up spot cargoes following an unusually cold winter spanning late 2020 and early 2021, while Europe's support for an indirect carbon tax has also promoted a coal-to-gas switch in the region's power sector
‘We could potentially see very strong LNG carrier spot rates for the remainder of 2021 and into 2022, exaggerated by the current low natural gas inventories’ — Joakim Hannisdahl of Cleaves Securities
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