The 4.05 trillion Btu cargo will reportedly be loaded in late April and was purchased for almost US$4 per million Btu. Details of the buyer have not been released.
This deal has been noted as significant by traders, as the purchase price marks a jump of almost 40 cents (11%) from a deal agreed in Singapore earlier this week. While larger cargoes generally do typically fetch a better rate on the market, more broadly Chinese LNG demand is improving and this could potentially re-ignite spot prices in the region. As more transactions take place, it will become clear whether this is an anomalous deal or the start of a larger upward trend.
