ENN Natural Gas of China lines up more LNG volumes from planned export plant under development in the UAE
ENN Natural Gas, the leading Hong Kong-listed and independent Chinese LNG and city-gas company, has signed a supply accord for volumes from an LNG export project being developed at Al Ruwais Industrial City in the United Arab Emirates.
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 cargo prices jump to be above $5.00 per MMBtu level as October quotes arrive
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.
Singapore LNG cargo prices move ahead again from season lows as September quotes start
Singapore LNG spot cargo prices moved higher again to be over the US$4.500 per million British thermal units level for fixtures to North Asia and the Dubai-Kuwait-India market as September quotes were now available.
The Singapore average index for August increased to US$4.249 per MMBtu from last week’s average of US$4.066 per MMBtu.
Singapore’s latest LNG indices released on June 20 included a price of US$4.071 per MMBtu for the second half of July before edging higher to US$4.201 per MMBtu for the first half of August.
The high volumes of supply in the market continued to impose downward pressure on prices, while crude oil was stable in the week at around $62 per barrel.
Southeast Asia cargo prices for the second half of August were at US$4.298 and were highest for the first half of September at US$4.431.
The Sling is an index series for LNG developed by the Singapore Exchange (SGX) and its subsidiary Energy Market Company (EMC).
It is a spot index for cargoes “on the waters in the vicinity of Singapore which could go into any port” and based on cargo sizes of 135,000 cubic metres capacity to 175,000 cubic metres capacity.
The North Asia price rose to an August average of US$4.560 per MMBtu compared with last week’s average of US$4.361 per MMBtu.
North Asia cargoes for the second half of July were at US$4.361 per MMBtu, before edging up for the first half of August to US$4.512 per MMBtu, then moving higher to US$4.608 for the second half of August.
The first half of September price for the North Asia market was US$4.740 MMBtu, the highest on offer.
The North Asia prices are for delivery ex-ship (DES) to all ports in Japan, Korea, Taiwan and China.
The Dubai-Kuwait-India Sling index for regional cargoes shipped to India and the Middle East averaged US$4.373 per MMBtu for August, an increase on last week’s average of US$4.205 per MMBtu.
The DKI index, based on a cargo of between 138,000 cubic metres capacity and 170,000 cubic metres, is seen in the second half of July at US$4.183 per MMBtu before increasing to US$4.320 per MMBtu for the first half of August.
The price for the second half of August rose to US$4.427 per MMBtu and the highest for the region was fixed at the first half of September price of US$4.570 per MMBtu.
The SGX LNG Index Group (Sling) is an initiative by SGX and EMC for spot LNG price discovery.
It is a benchmark based on assessments of LNG cargo value by market participants. They provide assessments based on the value of an LNG cargo at a specific location for delivery.
The Sling is based on participants submitting assessments to determine an index value.
“The participant pool consists of a broad group of market players to ensure that any Sling Assessment is as representative of actual market conditions as possible,” says the SGX, while pointing out that the participant is kept confidential at all times.
The SGX-EMC LNG prices include both lean and rich cargoes.
Singapore LNG prices drop as lower demand and high volumes offset any oil price effects
Singapore LNG spot cargo prices dropped as excess volumes and lower seasonal demand led to the highest price quoted being under US$5.500 per million British thermal units for the first half of August for North Asia.
The Singapore average index for July dropped to US$5.084 per MMBtu from last week’s June average of US$5.306 per MMBtu.
Singapore’s latest LNG indices released on May 16 included a price of US$5.005 per MMBtu for the second half of June and US$5.052 per MMBtu for the first half of July.
The surplus in global LNG supplies continued to put downward pressure on prices in the Northern Hemisphere summer market as crude oil prices stayed solid on the week at around $71 per barrel.
Cargo prices for the second half of July were at US$5.116 and were highest for the first half of August at US$5.176.
The Sling is an index series for LNG developed by the Singapore Exchange (SGX) and its subsidiary Energy Market Company (EMC).
It is a spot index for cargoes “on the waters in the vicinity of Singapore which could go into any port” and based on cargo sizes of 135,000 cubic metres capacity to 175,000 cubic metres capacity.
The North Asia price fell to a July average of US$5.354 per MMBtu versus last week’s June average of US$5.555 per MMBtu.
North Asia cargoes for the second half of June were at US$5.245 per MMBtu, before rising for the first half of July to US$5.310 per MMBtu, then moving higher to US$5.380 for the second half of July.
The first half of August price for the North Asia market was US$5.475 per MMBtu, the highest on the board.
The North Asia prices are for delivery ex-ship (DES) to all ports in Japan, Korea, Taiwan and China.
The Dubai-Kuwait-India Sling index is assessed in collaboration with London-based, inter-dealer global brokerage Tullett Prebon for regional cargoes shipped to India and the Middle East and averaged US$5.192 per MMBtu for July, much lower than last week’s June average of US$5.400 per MMBtu.
The DKI index, based on a cargo of between 138,000 cubic metres capacity and 170,000 cubic metres, is seen in the second half of June at US$5.113 per MMBtu before edging higher to US$5.167 per MMBtu for the first half of July.
The price for the second half of July was at US$5.217 per MMBtu and the highest for the region was the first half of August price of US$5.320 per MMBtu.
The SGX LNG Index Group (Sling) is an initiative by SGX and EMC for spot LNG price discovery.
It is a benchmark based on assessments of LNG cargo value by market participants. They provide assessments based on the value of an LNG cargo at a specific location for delivery.
The Sling is based on participants submitting assessments to determine an index value.
“The participant pool consists of a broad group of market players to ensure that any Sling Assessment is as representative of actual market conditions as possible,” says the SGX, while pointing out that the participant is kept confidential at all times.
The SGX-EMC LNG prices include both lean and rich cargoes.
Singapore LNG spot cargo prices rise led by North Asia shipments in the second half of July
Singapore LNG spot cargo indices began moving higher in the past week and into the second half of July with North Asia shipments leading the way.
The Singapore average index for June increased to US$5.221 per MMBtu from last week’s June average of US$5.035 per MMBtu.
Singapore’s latest LNG indices released on May 2 included a price of US$4.847 per MMBtu for the second half of June of US$5.245 per MMBtu.
Prices were quoted as a surplus in global LNG supplies permeated the Northern Hemisphere summer market as other energy trading products benefited from crude oil prices this week of around $74 per barrel.
Cargo prices for the first half of July were at US$5.335 and were higher for the second half of July at US$5.415.
The Sling is an index series for LNG developed by the Singapore Exchange (SGX) and its subsidiary Energy Market Company (EMC).
It is a spot index for cargoes “on the waters in the vicinity of Singapore which could go into any port” and based on cargo sizes of 135,000 cubic metres capacity to 175,000 cubic metres capacity.
The North Asia price rose to a June average of US$5.506 per MMBtu versus last week’s June average of US$5.305 per MMBtu.
North Asia cargoes for the second half of June were also lower week-on-week at US$5.525 per MMBtu, before rising for the first half of July to US$5.625 per MMBtu, then moving even higher to US$5.730 for the second half of June.
The North Asia prices are for delivery ex-ship (DES) to all ports in Japan, Korea, Taiwan and China.
The Dubai-Kuwait-India Sling index is assessed in collaboration with London-based, inter-dealer global brokerage Tullett Prebon for regional cargoes shipped to India and the Middle East and averaged US$5.353 per MMBtu for June, an increase from last week’s June average of US$5.177 per MMBtu.
The DKI index, based on a cargo of between 138,000 cubic metres capacity and 170,000 cubic metres, is seen in the second half of June at US$5353 per MMBtu before increasing to US$5.490 per MMBtu for the first half of July.
The price for the second half of July jumped to US$5.585 per MMBtu.
The SGX LNG Index Group (Sling) is an initiative by SGX and EMC for spot LNG price discovery.
It is a benchmark based on assessments of LNG cargo value by market participants. They provide assessments based on the value of an LNG cargo at a specific location for delivery.
The Sling is based on participants submitting assessments to determine an index value.
“The participant pool consists of a broad group of market players to ensure that any Sling Assessment is as representative of actual market conditions as possible,” says the SGX, while pointing out that the participant is kept confidential at all times.
The SGX-EMC LNG prices include both lean and rich cargoes.
Pavilion Energy carries out first ship-to-ship commercial LNG bunkering in Singapore
Pavilion Energy, the Singaporean company owned by the city-state wealth fund Temasek, has performed the first commercial ship-to-ship liquefied natural gas bunkering operation in the Port of Singapore as part of efforts to create an Asian LNG Hub.
The operation comprised a reload of 2,000 cubic metres capacity of fuel onto a small-scale tanker at the newly-modified second jetty at the Singapore LNG (SLNG) import terminal at Jurong Island, followed by a ship-to-ship transfer to the receiving heavy-lift commercial vessel.
“Pavilion Energy’s first commercial ship-to-ship LNG bunkering operations in Singapore demonstrates our strong commitment and capability to deliver a comprehensive suite of LNG bunker supply solutions to Singapore and the region,” said Mr. Frédéric H. Barnaud, Group Chief Executive of Pavilion Energy.
“We are very pleased to have achieved this shared milestone in close collaboration with the Maritime and Port Authority (MPA) and SLNG Corporation, and with the support from various stakeholders, partners and customers,” added Barnaud.
Ms Quah Ley Hoon, CEO of the Port Authority, said that as the world’s largest bunkering port, Singapore is committed to provide a range of fuels to meet the future energy needs of the global shipping industry.
“We congratulate Pavilion Gas for completing this ship-to-ship LNG bunkering operation in the Port of Singapore safely and look forward to more of such activities taking place in our Port,” she added.
Through its wholly-owned subsidiary, Pavilion Gas, a licensed LNG bunker supplier in the Port, Pavilion said it continued to be at the forefront of change for cleaner and more responsible solutions with LNG bunkering.
Pavilion Energy demonstrated its truck-to-ship bunkering capabilities in 2017, and further expanded its bunker logistics with the charter of its first LNG bunker vessel newbuild in February 2019.
The 12,000 cubic metres capacity re-fueling vessel with Mark III Flex membrane LNG storage tanks from French company GTT is set for delivery by 2021.
“We strongly believe that LNG will become the worldwide fuel of choice for bunkering in the long term, and SLNG is well-positioned to facilitate this development,” said Tan Soo Koong, CEO of terminal owner SLNG.
“We are keen to work with all stakeholders and invest in infrastructure as necessary, to help grow LNG bunkering here,” he added.
Fluxys of Belgium opens subscription window through May 24 for slots at Zeebrugge terminal
Fluxys LNG, the operator of the Zeebrugge import terminal in Belgium, has opened a subscription window from April 30 to May 24 for unloading slots and additional storage services at the facility.
Singapore LNG prices drop again close to recent lows as excess volumes offset oil influence
Singapore LNG spot cargo indices began moving down to levels testing the $5.000 per million British thermal units mark as July cargoes for North Asia were the only bright spot at above US$5.500 per MMBtu.
The Singapore average index for June dropped to US$5.035 per MMBtu from last week’s June average of US$5.203 per MMBtu.
Singapore’s latest LNG indices released on April 25 included a price of US$4.847 per MMBtu for the second half of May and slightly higher at US$4.984 per MMBtu for the first half of June.
Prices were quoted as a surplus in global LNG supplies permeated the Northern Hemisphere summer market as other energy trading products benefited from crude oil prices this week of around $74 per barrel.
Cargo prices for the second half of June were at US$5.086 and were higher for the first half of July at US$5.248.
The Sling is an index series for LNG developed by the Singapore Exchange (SGX) and its subsidiary Energy Market Company (EMC).
It is a spot index for cargoes “on the waters in the vicinity of Singapore which could go into any port” and based on cargo sizes of 135,000 cubic metres capacity to 175,000 cubic metres capacity.
The North Asia price also fell to a June average of US$5.305 per MMBtu versus last week’s June average of US$5.554 per MMBtu.
North Asia cargoes for the second half of May were also lower week-on-week at US$5.107 per MMBtu, before rising for the first half of June to US$5.254 per MMBtu, then moving even higher to US$5.355 for the second half of June.
The first half of July quote for North Asia was the highest on the board at US$5.519 per MMBtu.
The North Asia prices are for delivery ex-ship (DES) to all ports in Japan, Korea, Taiwan and China.
The Dubai-Kuwait-India Sling index is assessed in collaboration with London-based, inter-dealer global brokerage Tullett Prebon for regional cargoes shipped to India and the Middle East and averaged US$5.177 per MMBtu for June, an increase from last week’s June average of US$5.327 per MMBtu.
The DKI index, based on a cargo of between 138,000 cubic metres capacity and 170,000 cubic metres, is seen in the second half of May at US$4.978 per MMBtu before increasing to US$5.135 per MMBtu for the first half of June.
The price for the second half of June jumped to US$5.220 per MMBtu and increased further for the first half of July to US$5.388 per MMBtu.
The SGX LNG Index Group (Sling) is an initiative by SGX and EMC for spot LNG price discovery.
It is a benchmark based on assessments of LNG cargo value by market participants. They provide assessments based on the value of an LNG cargo at a specific location for delivery.
The Sling is based on participants submitting assessments to determine an index value.
“The participant pool consists of a broad group of market players to ensure that any Sling Assessment is as representative of actual market conditions as possible,” says the SGX, while pointing out that the participant is kept confidential at all times.
The SGX-EMC LNG prices include both lean and rich cargoes.
Singapore LNG prices edge higher with July North Asia summer cargoes setting the pace
Singapore LNG spot cargo indices began moving to levels above the $5.500 per million British thermal units mark as July quotations made an appearance for North Asia just below US$5.800.
The Singapore average index for June was at US$5.203 per MMBtu, rising from last week’s May average of US$4.876 per MMBtu.
Singapore’s latest LNG indices released on April 18 included a price of US$5.055 per MMBtu for the second half of May and higher at US$5.136 per MMBtu for the first half of June.
Prices were quoted on the basis of the surplus in global LNG supplies as Northern Hemisphere summer season trades began amid a solid crude oil price this week of over $70 per barrel.
Cargo prices for the second half of June were at US$5.270 and were higher for the first half of July at US$5.395.
The Sling is an index series for LNG developed by the Singapore Exchange (SGX) and its subsidiary Energy Market Company (EMC).
It is a spot index for cargoes “on the waters in the vicinity of Singapore which could go into any port” and based on cargo sizes of 135,000 cubic metres capacity to 175,000 cubic metres capacity.
The North Asia price increased to a June average of US$5.554 per MMBtu versus last week’s May average of US$5.100 per MMBtu.
North Asia cargoes for the second half of May were at US$5.386 per MMBtu, before rising for the first half of June to US$5.469 per MMBtu, then jumping to US$5.639 for the second half of June.
The first half of July quote for North Asia was the highest on the board at US$5.788 per MMBtu.
The North Asia prices are for delivery ex-ship (DES) to all ports in Japan, Korea, Taiwan and China.
The Dubai-Kuwait-India Sling index is assessed in collaboration with London-based, inter-dealer global brokerage Tullett Prebon for regional cargoes shipped to India and the Middle East and averaged US$5.327 per MMBtu for June, an increase from last week’s May average of US$4.990 per MMBtu.
The DKI index, based on a cargo of between 138,000 cubic metres capacity and 170,000 cubic metres, is seen in the second half of May at US$5.197 per MMBtu before increasing to US$5.253 per MMBtu for the first half of June.
The price for the second half of June jumped to US$5.400 per MMBtu and increased further for the first half of July to US$5.533 per MMBtu.
The SGX LNG Index Group (Sling) is an initiative by SGX and EMC for spot LNG price discovery.
It is a benchmark based on assessments of LNG cargo value by market participants. They provide assessments based on the value of an LNG cargo at a specific location for delivery.
The Sling is based on participants submitting assessments to determine an index value.
“The participant pool consists of a broad group of market players to ensure that any Sling Assessment is as representative of actual market conditions as possible,” says the SGX, while pointing out that the participant is kept confidential at all times.
The SGX-EMC LNG prices include both lean and rich cargoes.
