Infraestructura Energética Nova (IEnova), the Sempra Energy subsidiary in Mexico with plans for LNG production and whose assets include stakes in four major Mexican natural gas pipelines, has successfully completed an international offering to raise US$800 million, underpinning confidence in the North American gas sector.
LNG spot cargo prices lost their momentum in the past week with December 2019 and January 2020 deliveries being set up and averages for North Asia dropping under the $7.00 per million British thermal units level as supplies were ample.
LNG spot cargo prices were flat over the past week with higher values quoted for December volumes with the second half of December window priced at $6.500 per million British thermal units for shipments to China, Korea and Japan.
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.