LNG export plants keep liftings at high level even as prices ease in North Asia and European markets
Global liquefied natural gas export plants marginally increased their cargo liftings as North Asia spot prices dropped along with those in Europe, while other energy markets were underpinned by higher crude oil prices on prospects more nations will be fully relaunching their economies.
Tokyo Gas creates new energy brand and plans LNG trading unit as well as Asian projects
Tokyo Gas, the Japanese utility and energy company with a liquefied natural gas portfolio of 14 million tonnes per annum and a fleet of 10 ships and four import terminals, has launched a new company brand in Japan and is planning to launch a separate LNG trading division to boost profits.
LNG spot cargo prices drop to $6.30 per MMBtu for North Asia and are lower for elsewhere
The prices of spot LNG cargoes declined by around 11 percent during the past week with December 2019 and January 2020 deliveries being quoted at $6.30 per million British thermal units for China and South Korea.
