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Asia LNG Buyers Face Premium for 2024 as Panama Chokepoint Restrictions Increase
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Overview
API
Tighter restrictions at the Panama Canal are causing the Asian gas price premium to Europe for 2024 to more than double. LNG carriers may face bidding wars for slots across the canal, and LNG shippers are preferring the Cape of Good Hope route until Asian spot LNG prices rise enough to justify the cost of jumping the queue.
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How might the increase in the Asian gas price premium impact global energy markets?
How might the use of the Cape of Good Hope route affect global LNG trade?
What are the potential consequences of LNG carriers facing bidding wars for slots across the Panama Canal?
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