Demand for LNG remains high with cargoes pointed at Asia and South America and spot values over $13.00
Demand for liquefied natural gas remained firm worldwide along with seasonally high Asian spot prices over $13.00 per million British thermal units for September and with deliveries to China, Japan and South America still being preferred to European destinations.
Shipments for Turkey
March 25 (LNGJ) - Turkey is set to receive more LNG shipments from the US in 2020 and is unloading two cargoes this week from traditional suppliers, Nigeria and Qatar. The 148,300 cubic metres capacity carrier “LNG Imo” will unload a Nigerian cargo on March 27 at the Aliaga facility. Then on March 30 the 210,100 cubic metres capacity Q-Flex vessel “Umm Al Amada” is set to deliver a shipment to the Marmara Ereglisi terminal for Turkish energy company Botas from Ras Laffan in Qatar.
Turkey’s LNG cargo prices are based on the Atlantic Basin natural gas benchmarks in the UK and the Netherlands. The UK National Balancing Point was last at $2.55 per million British thermal units while Continental Europe’s Dutch Title Transfer Facility (TTF) price was lower at $2.50 per MMBtu.
