John Fredriksen-backed Flex LNG looks set to reward investors in healthy LNG markets stretching into 2023, Fearnley Securities believes.

Record high gas prices and tight vessel availability continues to push rates to new highs, with MEGI/XDF carrier headline rates now at between $250,000 and $300,000 per day for spot trips.

Growth in Asia has propelled earnings and low European inventories are implying high prices next year as well, the Norwegian investment bank said.