Atlantic LNG rates rose in Oct 2025 due to vessel shortages, while Asian spot prices edged up on colder weather and strong demand.

In late October 2025, Atlantic LNG shipping rates rose due to tighter vessel availability, with US Gulf–Europe and US Gulf–Japan rates climbing, while Australia–Japan rates dipped slightly. Petronas offered up to five spot LNG cargoes for November–December delivery, with early December cargoes sold at small discounts to the Japan Korea Marker. Asian spot LNG prices edged up to $11.10/MMBtu amid colder forecasts and early heating demand in China, though weak economic data and strong pipeline gas supply kept China cautious. The Asia physical LNG market saw record trading activity, driven by low margins, with most deals tied to the JKM index. Global freight rates rose in the Atlantic but fell in the Pacific for the eighth straight week.