The demand for natural gas in Europe is strong in this winter. The sea freight of LNG ships has risen sharply
As European buyers are increasingly concerned about the supply of natural gas. The demand for LNG ships in Europe has increased significantly, and the sea freight and time rent of LNG ships have risen sharply. The benchmark LNG price rose from a low of less than $2 per million British thermal units in 2020 to a high of $57 in August, the data showed. Despite the recent pullback, it is still above $30 per million British thermal units. The demand for heating has made European countries rush to transport energy by ships, pushing up the global LNG sea freight to a record high.