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: https://www.lngindustry.com/liquid-natural-gas/02052017/prices-rise-on-south-korea-purchase/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

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


 

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