LNG

Fifteen Japanese companies led by the utility Tokyo Gas have launched a group called the Carbon Neutral LNG Buyers Alliance to promote the use of cleaner LNG as a penance for using such huge amounts of thermal coal.

Intercontinental Exchange, the US operator of global trading platforms and clearing houses, released its fourth-quarter and full-year 2020 trading volumes showing record usage of products like the Dutch Title Transfer facility (TTF) gas pricing for continental Europe and the Japan-Korea Marker spot LNG cargo price derivative.

Woodside Petroleum, the Australian LNG plant operator and international commodities company BHP, are advancing with their Scarborough gas field project to underpin the Burrup Gas Hub planned for Western Australia.

S&P Global Platts, the London-based subsidiary of US ratings agency S&P Global and a provider of energy and commodities pricing information and assessments, has launched a new product linked to the Japan-Korea Marker (JKM) spot LNG price.

Japanese spot liquefied natural gas cargoes delivered in December cost almost $4 per million British thermal units less than the price in the same month of the previous year as Northern Hemisphere winter season supplies remained abundant.

Singapore LNG spot cargo prices surged by 12 percent in the past week as trading picked up and North Asian shipments for the second half of November were quoted at US$6.000 per million British thermal units.

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.