Asian LNG spot market saturated with new cargo offers

Published by Will Owen, Editor
LNG Industry, Monday, 22 April 2019 10:00

According to Reuters, after climbing for the past two weeks Asian LNG spot prices have now suffered another decline. The decline has been triggered by ample new cargo offers saturating the market.

At their recent peak, Asian LNG spot prices reached US$6.00 per million Btu. Now, the latest estimates of cargo prices for June delivery are reportedly in the range of US$5.00 per million Btu.

New cargo offers have come from China’s CNOOC, Australia’s Ichthys LNG project, Malaysia’s Petronas, BP and Royal Dutch Shell.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/22042019/asian-lng-spot-market-saturated-with-new-cargo-offers/

EIA: Natural gas production and consumption has increased in Egypt and Israel for 20 years

Friday 02 December 2022 12:00

Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and production have grown substantially in those countries, The U.S. Energy Information Administration has reported.

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Reuters

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