Rate rebates for LNG carriers transiting the Suez Canal have been reduced by 10% to 15% as the cost of freight fades for charterers amid the current high priced gas market.

In an advisory note circulated by Leth Agencies the Suez Canal Authority (SCA) said it was making the change "In the light of the current situation of international LNG trade and as an encouragement for LNG carriers to transit the Suez Canal", without giving further details of what it was specifically referencing.