RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-10-23 15:50:00

ASIA'S LNG PRICES UP

ASIA'S LNG PRICES UP

REUTERS - OCTOBER 23, 2020 -  Asian spot prices for liquefied natural gas (LNG) jumped to their highest in more than 20 months this week on robust buying appetite ahead of a colder-than-expected winter, trade sources said.

The average LNG price for December delivery into northeast Asia LNG-AS was estimated at about $6.90 per million British thermal units (mmBtu), jumping $1.10 from the previous week.

Prices were boosted by several requirements from buyers in Japan, China and South Korea.

China’s Unipec sought 10 cargoes for delivery in winter, while Shenzhen Energy sought a cargo for December delivery, traders said.

South Korea’s KOGAS may have awarded a tender to buy at least six cargoes for delivery over November to January at just below $7 per mmBtu, while Japan’s Tohoku Electric sought a cargo for delivery in late November to early December, they added.

Taiwan’s CPC Corp may also have bought several cargoes for delivery in December at close to $7 per mmBtu, one of them said.

Cheniere Energy may also have bought a cargo for delivery in December at about $7.10 per mmBtu, a second source said.

Still, with no cancellations expected from U.S. LNG projects in December, a potential increase in cargo flows to Asia may cap price gains, traders added.

Australia Pacific LNG (APLNG) offered a cargo for November-loading, while BHP offered a North-west Shelf cargo for late November to early December loading, traders said.

Darwin LNG likely offered a cargo for loading over late November to early December, while Ichthys LNG likely sold a November cargo at $6.10 to $6.30 on a free-on-board (FOB) basis, they said.

Russia’s Sakhalin Energy also offered a cargo for loading on Dec. 25, while Nigeria LNG offered a cargo for mid-November loading.

Gail (India) likely awarded a swap tender, selling a cargo for loading in January from the United States and buying a cargo for delivery into India, one source said. 

-----


Earlier:

ASIA'S LNG PRICES UP
2020, October, 19, 14:30:00
U.S. LNG EXPORTS UP
With positive spreads between the US Henry Hub price and end-user markets, the ramp-up in terminal utilization should gain steam in the near-term, in a bullish sign for overall demand for US LNG.
ASIA'S LNG PRICES UP
2020, October, 16, 12:55:00
ASIA'S LPG PRICES UP
Asia-Pacific [market] is rallying because of recovering demand, better than in October and ATC was also looking for cargoes, lending support to CPs
ASIA'S LNG PRICES UP
2020, October, 16, 12:50:00
LNG DECARBONIZATION
LNG producers are already racing to add the decarbonized label.
ASIA'S LNG PRICES UP
2020, October, 12, 11:15:00
GLOBAL LNG: CAUTIOUSLY OPTIMISTIC
We expect LNG demand to increase by 4 billion cubic metres (bcm) this winter and that’s led by growth in China, Japan, and South Asia. LNG supply is expected to grow by 3 bcm led by the United States.
ASIA'S LNG PRICES UP
2020, October, 8, 12:40:00
LNG: CHALLENGES & OPPORTUNITIES
The emergence of large-scale North American LNG exports has made it easier for low-cost US gas to reach Asia’s LNG importing markets.
ASIA'S LNG PRICES UP
2020, October, 8, 12:15:00
LNG FOR MYANMAR
Myanmar began its first LNG imports in June using small-scale vessels to supply emergency power projects that helped alleviate electricity shortages around the densely populated city of Yangon.
ASIA'S LNG PRICES UP
2020, September, 25, 13:10:00
CHINA LNG IMPORTS UP
China LNG imports are set to hit a record 65-67 million tonnes this year
All Publications »
Tags: ASIA, LNG, PRICE