LNG

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.  

Australian LNG stakeholder Santos has rejected the $10.8-billion takeover offer from US equity fund Harbour Energy because it undervalued the Adelaide-based company and would have required Santos to provide significant support for Harbour’s debt-raising and to hedge a significant proportion of oil-linked production.