LNG spot cargo prices increase for Middle East and India while Asia high for late December
LNG spot cargo prices were flat over the past week with higher values quoted for December volumes with the second half of December window priced at $6.500 per million British thermal units for shipments to China, Korea and Japan.
Singapore LNG spot cargo prices hit three-year lows as glut affects China and Japan values
Singapore LNG spot cargo prices dropped to around three-year lows because of high volumes and plunging seasonal demand as cargoes for North Asia destinations such as China and Japan lost US$0.66 per MMBtu in a week from already depressed levels.
Singapore spot LNG prices drop to lowest in three years and are quoted under $4.75 level
Singapore LNG spot cargo indices dropped to their lowest level for about three years with the May price being at a high of US$4.793 per million British thermal units and only June cargoes for North Asia quoted above the US$5.000 level.
Singapore LNG prices fall with only North Asia destinations staying above $9.00 per MMBtu
Singapore LNG cargo indices declined overall with the strongest pricing being just under US$9.045 per million British thermal units for North Asian destinations in the first half of February 2019, while March cargo quotations were down to under US$8.900 per MMBtu.
