Asian LNG spot prices now at eight month high
LNG spot prices for Asia have risen to a new eight-month high, as demand for pre-winter cargoes emerges.
Browse the latest pakistan lng news news and articles.
LNG spot prices for Asia have risen to a new eight-month high, as demand for pre-winter cargoes emerges.
According to Reuters, Pakistan LNG has cancelled a tender to purchase 240 LNG cargoes (140 000 m3 each) over a period of 10 years due to insufficient demand for the fuel.
Asian LNG spot prices have risen to a three-week high, ahead of winter demand.
Excelerate Energy L.P. has released a statement claiming that it recently hosted Ambassador Paul W. Jones and a delegation from the US Embassy in Pakistan at the Exquisite FSRU.
US Ambassador Paul W. Jones has commended Engro and Excelerate Energy on achieving the world’s fastest 250 STS transfers of LNG in Pakistan.
According to Reuters, Gunvor offered the lowest prices to supply LNG to Pakistan for the majority of cargoes sought by the importer across the October to December period.
According to Reuters, Pakistan LNG has launched a spot tender to purchase 10 LNG cargoes for delivery in 4Q19, receiving heavy interest from a number of companies, including in Japan and China.
The Australian Petroleum Production and Exploration Association has announced that, according to the latest figures from the Australian Bureau of Statistics, LNG exports are continuing to underpin the growth of Australia’s economy.
According to Reuters, the Chief Executive of Pakistan LNG has been replaced with immediate effect.
Asia will reportedly lead the global LNG regasification industry in capacity growth from newbuild projects by 2023, says GlobalData.
According to Reuters, low LNG spot prices are having little impact in Asian markets, while the European import market has seen a significant boost.
Asian LNG spot prices have recently experienced a small rise, due to increased market activity.