LNG

The Al Fat'h, loaded at Plaquemines on 3 June, is holding course for Guangdong, having switched its declared destination from Huizhou to neighbouring Shenzhen. “Read that cautiously,” our data analytics editor Alex Wilk warns.

Bangladesh’s Petrobangla and several Indian buyers are tendering for spot LNG, puling more than 11 cargoes away from Europe towards Asia by early April. Further diversions are likely since Indian companies awarded only 4 out of 15 spot LNG tenders for April and May so far, according to Platts data.