Singapore LNG spot forward cargo prices declined by around 6 percent in the past week as demand stalled in Asia amid some high December quotes for shipments to China and South Korea.
Singapore LNG spot cargo prices drop for Southeast Asia as well as China and South Korea to under US$5.00 per million British thermal units amid a lack of quotes for Dubai and Kuwait cargoes because of security concerns.
Singapore LNG spot cargo prices fell, led by a decline in North Asia of around 3 percent on the week and in the Middle East and India as traders looked to September and beyond for higher values.
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.