BP was still able to make a tidy profit on a recent LNG supply deal, despite paying a record charter rate to transport the cargo, says a top analyst.

The oil major reportedly paid $350,000 per day in early January for an LNG carrier as charterers juggled limited ships to cash in on rocketing Asian gas prices.

Chartering sources said BP paid the eye-popping rate on Nigeria LNG’s 174,900-cbm LNG Abalamabie (built 2016) for a round-trip voyage from the US to Europe.