Many market participants will be away from their desks for a few days over Easter. As if in sympathy, the LNG trading sector seems to be taking its own little breather.
Not only are a number of production facilities, including those in Qatar and at Tangguh, carrying out routine maintenance but several others, such as Yemen LNG and Atlantic LNG, have been hit by outages.
That means traders, if not exactly starving for product, are finding it much less readily available in the spot market.
This in turn has fed through to shipping where brokers reported around 22 LNG carriers available for short-term work this week, almost double the number typically on offer in the previous few months.
Buyers, unless they are desperate, will...
