Asian LNG spot prices fall to new multi-year low
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
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Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Sinopec is set to review the terms of a potential US$16 billion LNG supply deal with Cheniere Energy.
PETRONAS, through its subsidiary, PETRONAS LNG Ltd, has signed a heads of agreement with Shenergy Group Co. Ltd to supply approximately 1.5 million tpy of LNG to its Wuhaogou receiving terminal in China.
According Reuters, there is unlikely to be a surge in Chinese demand for US LNG while tariffs remain in place, despite the signing of a new energy purchasing agreement.
Asian LNG spot prices have dropped below US$5 per million Btu to a four-month low as buyers hold off ahead of the Lunar New Year holidays.
Following the phase 1 signing of the trade agreement between the US and China, Wood Mackenzie Asia Pacific Vice Chair, Gavin Thompson, has provided his thoughts on the matter.
A steel cutting ceremony has been held for UECC’s first battery hybrid LNG powered pure car truck carrier.
Asian LNG spot prices have seen an increase for February deliveries.
MOL has announced that a naming ceremony for the LNG carrier ‘LNG Merak’ was held at Hudong-Zhonghua Shipbuilding.
According to Reuters, data from Refinitiv Eikon shows that China imported a record high monthly volume of LNG in December 2019, overtaking Japan as the world’s top LNG importer for the second month in a row.
Asian LNG spot prices have seen little change this week, due to a quiet market and low liquidity.
Indian spot demand has mitigated the recent declines recorded in Asian LNG spot prices.