Q2 2021 Avance Gas Holding Ltd Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Avance Gas Holding Ltd Second Quarter 2021 Earnings Conference Call. (Operator Instructions) And please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kristian Sørensen. Thank you. Please go ahead.
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Thank you very much, and hi, everyone, and welcome to this Q2 presentation. As mentioned, my name is Kristian Sørensen, and I'm the CEO of the company. I'm joined today by our CFO, Randi Navdal.
I'd like to start with presenting some of the highlights for this quarter. So if we go on to Slide #3, please. We experienced solid export levels this quarter from the U.S., but high domestic LPG prices in the states close to spot arbitrage opportunities, which we need to ignite the U.S. Gulf freight markets. The other engine in the market, which is the Middle East exports were on the lower side and slightly underperformed compared to what we had anticipated. And even
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