The rumor mill is running overtime in LNG markets on possible floating storage plays, given the enticing convergence of a $2 per million Btu or steeper contango between prompt UK gas prices in the $6.20/MMBtu range and winter UK prices at nearly $8.50, a nearly $4/MMBtu UK winter premium over prompt US Henry Hub prices, and five-year low day rates of $28,000 for chartering a conventional LNG tanker.
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