LNG spot cargo values rise across board with late North Asia prices at $7.25 per MMBtu
Spot LNG cargo prices sprung into life after weeks of drift with December averages for North Asia breaking the $6.800 per million British thermal units level and with January 2020 shipments to China, Korea and Japan priced at around US$7.250 per MMBtu.
LNG spot cargo averages remain flat while gathering momentum for December deliveries
LNG spot cargo prices were flat over the past week with mostly higher quotes reserved for December volumes peaking to an average of at least $6.250 per million British thermal units for shipments to southeast Asia and North Asia.
LNG cargo averages jump with North Asia deliveries breaking $6.60 per MMBtu level
Singapore LNG spot forward cargo prices jumped by as much as 25 percent in the past week as demand improved in Asia and December quotes appeared for shipments for China and South Korea at US$6.650 per million British thermal units.
Singapore LNG prices drop almost 6 percent on over-supply and seasonal demand slump
Singapore LNG spot cargo prices for China, Japan and South Korea declined by up to US$0.28 per million British thermal units, or 5.9 percent, from North Asia to the Middle East and India.
Shanghai Petroleum and Gas Exchange to hold LNG cargo auction on April 18 as price trial
China National Offshore Oil Corp (CNOOC), the oil and gas company and LNG terminal owner, said it planned to conduct a liquefied natural gas cargo auction on April 18 on the Shanghai Petroleum and Gas Exchange as the region still awaits the emergence of a single benchmark price.
Singapore LNG terminal to open fourth storage tank soon to expand services and hub trading
Singapore LNG Corp., operator of the city-state's import and re-export facility on Jurong Island, said its fourth storage tank is scheduled to be completed in the next couple of months as the facility broadens its activities as a regional hub.
