LNG Tanker Rates Skyrocket to $200,000 Daily Amid Iran Conflict, Qatar Shutdown

• LNG tanker rates in the Atlantic Basin doubled to over $200,000 per day in less than 24 hours.
• The surge is attributed to Qatar's shutdown of LNG production following the conflict with Iran.
• New offer rates are at least three times higher than Spark Commodities' last assessed price of $61,500.
• No transactions have been confirmed at these elevated offer rates yet.
• Sustained high rates depend on prolonged production cuts in regions like Qatar and Abu Dhabi, and longer routes from the US to Asia.