Pakistan seeking LNG cargoes
Pakistan has issued a tender for 10 LNG cargoes with delivery dates between the start of October and the end of December.
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Pakistan has issued a tender for 10 LNG cargoes with delivery dates between the start of October and the end of December.
LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.
According to Reuters, four companies have placed offers into a 10-year import tender for LNG deliveries to Pakistan, with Pakistan LNG expected to award the tender in August 2019.
Fitch Solutions Macro Research has published its outlook for Asia LNG prices.
Asian LNG spot prices have slipped in response to a surge in supply, which has flooded the market at a time when regional demand has remained stable.
Asian LNG spot prices rose this week, tracking higher oil prices and benefitting from production curbs in Australia.
Asian LNG spot prices have fallen to a three-week low, as the low-demand market continues to be fed with new cargoes.
BloombergNEF has released its ‘Global LNG Outlook 2019 - 2023’.
Qatar has positioned itself as the front-runner for a long-term LNG supply deal with Pakistan.
After climbing for the past two weeks, Asian LNG spot prices have now suffered another decline.
The International Gas Union (IGU) has released its ‘2019 World LNG Report’ – an annual, in-depth analysis of the current state of the global LNG industry over the previous year.
Vitol’s head of LNG trading, Pablo Galante Escobar, has gone on record stating that the short term prospects for LNG business are ‘bleak’.