LNG spot cargo prices drop to $6.30 per MMBtu for North Asia and are lower for elsewhere
The prices of spot LNG cargoes declined by around 11 percent during the past week with December 2019 and January 2020 deliveries being quoted at $6.30 per million British thermal units for China and South Korea.
Singapore LNG cargo prices increase with North Asia edging towards $5.00 per MMBtu level
Singapore LNG spot cargo prices moved higher for fixtures to North Asia and for the month of September and were just short of the $5.00 per million British thermal units mark as Dubai-Kuwait-India market prices also rose.
Singapore LNG indices are solid for spot cargoes and North Asia, Indian-Mideast shipments
Singapore LNG cargo indexes for March were in the solid US$9.90 per million British thermal units to US$10.337 per MMBtu range before declining in April for spot market cargoes as well as North East Asia and for Dubai-Kuwait-India shipments.
Chinese plan to launch new LNG and gas exchange to rival Singapore and Japan efforts
China plans to launch a second natural gas exchange in the southwest city of Chongqing by mid-2018, aiming to match efforts by Singapore and Japan to create an Asian price benchmark as the nation’s use of LNG and gas continues to rise.
Singapore clears first LNG futures contract for Middle East-India Index at US$9.85 price
The Singapore Exchange (SGX) said it cleared the first futures contract for liquefied natural gas delivered into the Dubai, Kuwait and India (DKI) index market at a price of US$9.85 per million British thermal units.
