argo is king- LNG cargoes are providing massive arbitrage The arbitrage opportunities for all energy commodities in North America is absolutely crazy. All energy prices in North America will rapidly increase until the spreads between NA, Asia and Europe are reduced. SPE has an opportunity of a lifetime right now and needs to start drilling ASAP The wide price difference between the U.S. natural gas benchmark Henry Hub and the soaring prices of LNG in Europe and Asia is a boon to traders who are earning profits from cargo arbitrages of over $100 million.
For example, LNG shipping firm Flex LNG, listed in Oslo, said this week in a presentation at a Danske Bank Natural Gas Seminar that “cargo is king” and that LNG cargoes are providing massive arbitrage. One LNG cargo from the U.S. Gulf Coast to Japan earned an arbitrage of $124 million, while another LNG cargo from the U.S. Gulf Coast to Europe yielded a $100 million arbitrage, according to Flex LNG.
https://oilprice.com/Latest-Energy-News/World-News/LNG-Tanker-Rates-Surge-As-Global-Natural-Gas-Prices-Soar.html