According to Reuters, Asian spot LNG demand has softened for November after several weeks of strong demand and tightening supplies.
The hike in prices and limitations on supplies have led to buyers holding off and waiting for a correction in prices, subsequently leading to this observed market softening.
Spot prices for November deliveries to Asia are now approximately US$12 per million Btu, down 5 cents from previous weeks. According to source late October cargos have also weakened during, slipping to around US$11.40 from US$11.55. These trends mark a change from previous weeks where multi-year seasonal highs were reached.
Aside from pre-winter demand from Japanese and South Korean customers, prices of contracts have been pulled up by rising oil prices (against which several deals are priced).
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17092018/global-lng-prices-begin-to-soften/
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.
[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant
17 November 2020
Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. 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.
