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Prices rise slightly in quiet trading week

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LNG Industry,

Reuters are reporting that Asian spot LNG prices largely levelled off this week following a strong run of gains over the past month as buyers took a break from replenishing stocks for winter.

Spot prices LNG-AS for October delivery rose 5 cents to US$6.30/mmBtu.

In earlier weeks, a key source of demand related to some participants buying cargoes to meet obligations to consumers, but that type of activity also slowed.

Supply was offered from Malaysia and Indonesia, where the Donggi-Senoro plant made available a single cargo, while Angola LNG put two cargoes up for sale loading in late August.

China's Guanghui Energy has awarded part or all of its tender for 18 cargoes for delivery from September 2017 to December 2018.

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