European and Asian LNG prices drop for third week to be 150 percent higher than a year ago as markets adapt
European and Asian wholesale gas markets and LNG values declined for a third week with the European Union benchmark being one-and-a-half times more than where it was a year ago, five months before the war in Ukraine and when Nord Stream II was still a possibility.
Asian LNG spot prices narrow differential with Dutch TTF as cargo price signals arrive for third quarter
Asian LNG spot prices narrowed the differential with European Union wholesale gas markets as futures trading signalled high prices in the third quarter and beyond as the gas complex remained underpinned by high Brent crude values even as an oil demand turnaround is awaited.
Reliance Industries and BP bring second Indian natural gas field on stream as LNG imports also grow
Reliance Industries of India and BP of the UK said a second natural gas field had come on stream ahead of the mid-2021 schedule in the Krishna Godavari Basin offshore the Indian East Coast, adding to the nation’s gas supply in addition to LNG shipments.
Singapore LNG prices drop almost 6 percent on over-supply and seasonal demand slump
Singapore LNG spot cargo prices for China, Japan and South Korea declined by up to US$0.28 per million British thermal units, or 5.9 percent, from North Asia to the Middle East and India.
Indian LNG imports fall 9 percent amid US Cove Point volumes and new East Coast terminal
Indian liquefied natural gas imports fell last month by just over 9 percent with cargoes arriving at a slower pace from suppliers in Qatar, West Africa, Australia and the US as the nation also received its commissioning cargo in late February for the first import terminal on the East Coast.
Indian LNG imports decline amid rising costs as first East Coast facility set for commissioning
Indian liquefied natural gas imports fell last month by 11.6 percent with cargoes arriving at a slower pace from the main suppliers in Qatar and West Africa as the nation prepared to start commissioning the first import terminal on the East Coast.
First LNG import terminal on East Coast of India near Chennai is set for commissioning cargo
Indian Oil Corp., the refining and fuel marketing company, is set to begin commissioning of the first liquefied natural import terminal on the East Coast of India near the city of Chennai.
Kamarajar Port LNG project near Chennai is on schedule to be first Indian East Coast facility
Indian Oil Corp., the refining and fuel marketing company, is progressing with the Kamarajar Port LNG import project being developed near Chennai and set to be the first ragasification facilities to come on line on the East Coast of India.
Singapore LNG indices at robust levels for time of year with July North Asia over $8.00 mark
The Singapore LNG cargo indices are still at robust levels for the time of year, mostly remaining well above the US$7.00 per million British thermal units from the second half of May through to the first half of July, though with North Asia shipments for July breaking the $8.00 per MMBtu barrier.
