Asian spot LNG cargo prices have risen for a third straight week, as Chinese demand continues to recover.
Asian LNG spot prices have risen as supply has constricted, primarily due to a lack of available cargoes and coronavirus.
Well-supplied global LNG market sees demand build for cleaner-burning energy, according to Shell’s latest annual LNG Outlook.
Excelerate Energy L.P. has signed a heads of agreement with Engro Elengy Terminal Ltd for the expansion of the EETL LNG import terminal located in Port Qasim, Pakistan.
Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.
According to Reuters, Pakistan has banned the use of open-loop scrubbers by ships operating in its waters.
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 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.