Japanese spot LNG cargoes show combined effects of coronavirus and over-supplied market
Japanese spot liquefied natural gas cargoes contracted in February reflected the combination of an over-supplied market and the first commercial effects of the coronavirus as contracted spot LNG prices dropped by $2.50 per million British thermal units in a week or two from an already low base.
Japanese LNG purchases may rise in 2020 as four N-plants close for anti-terror measures
The Japan Nuclear Regulation Authority (NRA) has taken a firm line on enforcing stricter anti-terrorism measures at nuclear plants meaning that four of the current nine operational facilities face shutdowns in 2020 and more LNG or thermal coal imports will be required.
Singapore LNG cargo prices jump to be above $5.00 per MMBtu level as October quotes arrive
Singapore LNG spot cargo prices increased as North Asian shipments moved to higher ground above US$5.00 per million British thermal units and as October quotations arrived in the market.
