Asian LNG spot prices hold steady
Indian spot demand has mitigated the recent declines recorded in Asian LNG spot prices.
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Indian spot demand has mitigated the recent declines recorded in Asian LNG spot prices.
According to Reuters, plans to construct a US$2 billion LNG project in the Philippines have been put on hold by backers CNOOC Gas and Power and Phoenix Petroleum Philippines Inc.
Asian LNG spot prices have fallen for a third consecutive week, in response to forecasts of a mild winter.
Asian LNG spot prices have risen to a three-week high, ahead of winter demand.
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.
LNG cargoes are now trading in Asia at a three to four year low of less than US$4 per million Btu.
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.
First Gen Corp. has held a ground-breaking ceremony and finished the pre-development work for its new LNG terminal.