Skip to main content

Asian LNG prices continue to fall

Published by
LNG Industry,


According to the latest Reuters report, Asian spot LNG prices fell for a sixth consecutive week as a series of sell tenders launched this week are seen offering supplies into a market with thin demand following a warmer-than-expected winter in North Asia.

Spot prices for LNG for April delivery were pegged at around US$6.40 per million British thermal units, approximately 50 cents below last week's levels.

Falling prices at Britain's gas trading hub, National Balancing Point (NBP), have dashed expectations of an influx of shipments heading to Europe, leaving more for other regions.

Import tenders from India's Gail, Thailand's PTT and Argentina's Enarsa have done little to counter the supplies offered by Russia, Angola and Abu Dhabi this week.

Russia's Sakhalin II LNG project issued two tenders to sell a combined nine shipments loading in 2017/2018 this week. The first tender offers three cargoes for loading on 23, 26 and 29 April, while the second tender is offering cargoes for loading between May and March next year.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20022017/asian-lng-prices-continue-to-fall/

You might also like

 Webinar

[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 »

 

OLT receives small scale LNG green light

The Ministry of Economic Development has issued a decree authorising OLT Offshore LNG Toscana to provide the discharge of LNG in to small scale LNG carriers.

 
 

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


 

This article has been tagged under the following:

Japan LNG news


 

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