LNG

Singapore LNG spot cargo prices drop for Southeast Asia as well as China and South Korea to under US$5.00 per million British thermal units amid a lack of quotes for Dubai and Kuwait cargoes because of security concerns.

Singapore LNG spot cargo prices declined by around US$0.20 per million British thermal units, though managed to stay above the $4.00 per MMBtu level for southeast Asia with North Asia shipments slightly higher.

Singapore LNG cargo indices, including North Asia and Dubai-Kuwait-India shipments, dropped for deliveries through December to January in line with the oil market retreating in October by $10 per barrel to around $76 per barrel.