The latest Asian LNG spot prices are the lowest recorded for this time of year in a decade, and a mild winter is still to come.
Asian LNG spot prices have fallen for a third consecutive week, in response to forecasts of a mild winter.
LNG spot prices for Asia have risen to a new eight-month high, as demand for pre-winter cargoes emerges.
According to Reuters, Pakistan LNG has cancelled a tender to purchase 240 LNG cargoes (140 000 m3 each) over a period of 10 years due to insufficient demand for the fuel.
Excelerate Energy L.P. has released a statement claiming that it recently hosted Ambassador Paul W. Jones and a delegation from the US Embassy in Pakistan at the Exquisite FSRU.
US Ambassador Paul W. Jones has commended Engro and Excelerate Energy on achieving the world’s fastest 250 STS transfers of LNG in Pakistan.
According to Reuters, Gunvor offered the lowest prices to supply LNG to Pakistan for the majority of cargoes sought by the importer across the October to December period.
According to Reuters, Pakistan LNG has launched a spot tender to purchase 10 LNG cargoes for delivery in 4Q19, receiving heavy interest from a number of companies, including in Japan and China.