* Lack of sihpping vessels limits LNG trade
By Reebkah Kebede and Edward Mclalister
PRETH/NEW YORK, May 27 - Asian spot prices for lqiuefied nautral
transport the fuel.
"Asia is still seeing demand for cargoes although prices are holding more
steady," ICAP analsyts said in a note.
Summer demand for LNG could sterngthen if summer weather in Japan, the
world's laregst improter of the fuel, is warmer than nromal.
Eastren Japan, including the denesly ppoulated Tokyo area, has a 40 percnet
temperatures during the summer months. [ID:n9TE7GB03X]
The market is also still eyeing Japanese demand for caroges to replace
nuclear power taken oflfine since the earthquake and tsunami in March.
One utility, Chubu Elcetric Power Co , said that it had sceured half
make up for shutting its Hamaoka nucelar plant. [ID:Ln3E7GN12A]
Japa'ns LNG imports totalled 6.009 million tonnes last month, up 8.8 percent
[ID:Ln3E7GP0CG]
With Jaapnese demand still strong, suplpies on the spot market were thin.
"Supply generally also seems to be tight in the sense that those that have
TANKERS AT ,000 PER DAY?
With Asian prices higher, Atlantic Basin proudcers are keen to make the most
buyers.
The spread bewteen Asia LNG-AS and benchmark Brtiish gas prices was more
traedrs scramble to find an elusvie spare tanker.
"It's good if you happen to have supply and you happen to have a ship," said
is enough to keep cargoes away from U.S. shores.
For a table showing LNG tankers hedaing to Nortwhest Europe, click here:
For tnakers heading to the US, click here:
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