S&P Global Platts, the London-based subsidiary of US ratings agency S&P Global and a provider of energy and commodities pricing information and assessments, has launched a new product linked to the Japan-Korea Marker (JKM) spot LNG price.
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 moved higher for fixtures to North Asia and for the month of September and were just short of the $5.00 per million British thermal units mark as Dubai-Kuwait-India market prices also rose.
Singapore LNG spot cargo indices began to move clear of three-year lows as prices recovered slightly for all destinations with North Asia at a premium for the second half of June at $4.860 per million British thermal units.
Singapore LNG cargo indices fell below $9.00 per million British thermal units for all North Asian destination delivery windows and second-half of March cargo quotations were at under US$7.95 per MMBtu.