# LNG Shipping Rates from U.S. Surge Record on Asia Buying Boom

> The cost of shipping US LNG to Asia hit a record on January 12, 2021, with the US Gulf to Japan tanker rate reaching $253,270 per day. Demand from Asia and Panama Canal delays reduced available vessels.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/49024-lng-shipping-rates-from-u-s-surge-record-on-asia-buying-boom
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher LNG shipping and gas prices lift energy costs, which can raise fertilizer and feed processing costs, though the direct grain impact is limited.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-01-15 | [Record LNG prices push South Asian countries, including Pakistan, to ration gas - Pakistan - DAWN.COM](https://feedsoft.ai/events/49338-record-lng-prices-push-south-asian-countries-including-pakistan-to-ration-gas.md) | -10.7% | +54.0% |
| NATGAS | 2022-06-14 | [LNG outage exacerbates supply woes amid Asian restocking, firm European demand](https://feedsoft.ai/events/41139-lng-outage-exacerbates-supply-woes-amid-asian-restocking-firm-european-demand.md) | -23.8% | -24.1% |
| NATGAS | 2021-02-17 | [Record U.S. winter storm deeply impacts global LNG markets](https://feedsoft.ai/events/48839-record-u-s-winter-storm-deeply-impacts-global-lng-markets.md) | -51.1% | -57.5% |
| NATGAS | 2020-10-20 | [JKM hits one-year high on LNG supply disruptions, winter buying](https://feedsoft.ai/events/7682-jkm-hits-one-year-high-on-lng-supply-disruptions-winter-buying.md) | +21.5% | +4.8% |
| NATGAS | 2021-03-29 | [COLUMN-Suez blockage boosts Asia LNG price, but it probably shouldn’t: Russell \| CNBC Africa](https://feedsoft.ai/events/48287-column-suez-blockage-boosts-asia-lng-price-but-it-probably-shouldn-t-russell.md) | -2.7% | +8.7% |

## Sources

- gcaptain.com: https://gcaptain.com/lng-shipping-rates-from-u-s-surge-to-record-on-asia-buying-boom-panama-canal-delays/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.