Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Asian LNG sellers, such as Osaka Gas, are seeking alternative markets as the global LNG market hits multi-year lows.
Sinopec is set to review the terms of a potential US$16 billion LNG supply deal with Cheniere Energy.
The Bontang LNG plant, in Indonesia, is offering three LNG cargoes for loading between February and April.
According Reuters, there is unlikely to be a surge in Chinese demand for US LNG while tariffs remain in place, despite the signing of a new energy purchasing agreement.
Asian LNG spot prices have dropped below US$5 per million Btu to a four-month low as buyers hold off ahead of the Lunar New Year holidays.
Aaron Stephenson, Cheniere, USA, explains the importance of driving efficiency through debottlenecking and optimisation.