LNG

Singapore LNG cargo indices, including North Asia and Dubai-Kuwait-India shipments, declined for deliveries in November and through December as demand at those winter season highs lost momentum with the oil price.

Singapore LNG cargo indices eased to around $10.35 per million British thermal units for North Asia in the second half of August and prices were lower for all other areas through September, including Dubai-Kuwait-India shipments as demand dropped off.

Singapore LNG cargo indices stayed above the $11.00 per million British thermal units mark for North Asia and Dubai-Kuwait-India shipments for delivery windows in the first and second halves of August and through to September.

The Singapore LNG cargo indices have mostly moved back above the US$7.000 per million British thermal units mark for all windows from the second half of May through to the end of June, led by the prices for North Asia and Dubai-Kuwait-India shipments.

Singapore LNG cargo indices for March were in the US$10.097 per million British thermal units to US$10.301 per MMBtu range, down by an average 8 percent from last month, though cargoes for March delivery to Northeast Asia rose to around the US$10.898 per MMBtu mark.

The Singapore Exchange (SGX) said it cleared the first futures contract for liquefied natural gas delivered into the Dubai, Kuwait and India (DKI) index market at a price of US$9.85 per million British thermal units.

Tullett Prebon, one of the world’s leading interdealer energy and commodities brokers, has signed an agreement with Singapore Exchange (SGX) to develop a spot pricing index for the Middle East and Indian liquefied natural gas cargoes to enhance price discovery and risk management.

The Tokyo Commodity Exchange and the Singapore Exchange (SGX) have signed an agreement to cooperate in developing the liquefied natural gas derivatives and futures market in Asia.