LNG

The France-based International Group of Liquefied Natural Gas Importers (GIIGNL) has issued its annual report with key export and import statistics showing surges in spot LNG deals and in deliveries on short-term contracts.

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 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.