LNG

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 remained mostly under the $5.600 per million British thermal units mark, apart from shipments for North Asia in the second half of May as Brent crude prices were stable at around $65 per barrel.

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 rose for all points, including North Asia and Dubai-Kuwait-India shipments for November, as December prices also made an appearance at more than $12.00 per million British thermal units.

Singapore LNG cargo indices for October increased to be over US$11.20 per million British thermal units and as high as US$12.00 to US$12.40 per MMBtu for all destinations, including North Asian ports in the second half of November.

Singapore LNG cargo indices gathered pace to be around US$9.90 per million British thermal units for North Asia cargoes and Dubai-Kuwait-India shipments through the first half of October as front-month crude oil prices remained firm.

The Singapore LNG cargo index for May is at US$7.157 per million British thermal units while April averaged US$8.030 per MMBtu before prices softened with the receding of the Northern Hemisphere winter.