Skip to main content

Prices rise on South Korea purchase

Published by
LNG Industry,

Reuters are reporting that Asian spot LNG prices rose over the past week, supported by Korea Gas Corp buying up to seven LNG cargoes in its latest tender while an outage at Cheniere Energy's Sabine Pass export plant in the US squeezed supply.

Spot prices for June delivery, assessed on 28 April, rose to US$5.80 per mmBtu, up 10 cents on the week.

Korea Gas Corp agreed to purchase between five and seven LNG cargoes as part of its tender for June and July supply, with prices estimated at between US$5.50 and US$5.80 per mmBtu.

Prices were also supported by the sale of Russia's Sakhalin II export plant of two cargoes loading across June and July.

Elsewhere, Japan's Tohoku Electric purchased at least one cargo via a tender this week and Thailand's PTT is seeking two cargoes for June delivery, traders said.

Read the article online at:

You might also like


[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »


Embed article link: (copy the HTML code below):


LNG Industry is not responsible for the content of external internet sites.