US LNG developer Tellurian makes executive team changes after clamp-down on spending
Tellurian Inc., the developer of the Driftwood LNG plant in Louisiana, has made executive team changes after earlier imposing spending reductions to traverse the headwinds of the current financial environment.
Are Asian LNG spot prices relevant?
Asian LNG spot cargo prices firmed recently amid tentative signs of some peak summer demand. However, the problem remains that for many buyers, the cost is still too high, said Reuters in a report.
Singapore LNG spot cargo prices hit three-year lows as glut affects China and Japan values
Singapore LNG spot cargo prices dropped to around three-year lows because of high volumes and plunging seasonal demand as cargoes for North Asia destinations such as China and Japan lost US$0.66 per MMBtu in a week from already depressed levels.
Singapore LNG prices edge higher with June North Asia cargoes near US$5.50 per MMBtu
Singapore LNG spot cargo indices began moving well clear of three-year lows as prices recovered for all destinations and North Asia was at the highest for the second half of June.
Singapore LNG prices moderate with only May North Asia cargoes still above US$6.00 level
Singapore LNG cargo indices remained mostly under the $5.600 per million British thermal units mark, apart from shipments for North Asia in the second half of May as Brent crude prices were stable at around $65 per barrel.
