LNG

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.

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Singapore LNG spot cargo prices dropped to four-year lows of under US$4.000 per million British thermal units for southeast Asia, though managed to stay above the lowest levels for North Asia shipments.

Singapore LNG cargo indices were flat through December and January though had stopped responding to the falling oil market as regional demand held sway in North Asia where prices were quoted at up to US$11.318 per million British thermal units.