Global LNG prices rise slightly in quiet trading week
LONDON/SINGAPORE (Reuters) — Asian spot LNG prices largely levelled off this week following a strong run of gains over the past month as buyers took a break from replenishing stocks for winter.
Spot prices LNG-AS for October delivery rose 5 cents to $6.30 per MMBtu.
In earlier weeks, a key source of demand related to some participants buying cargoes to meet obligations to consumers, but that type of activity also slowed.
Supply was offered from Malaysia and Indonesia, where the Donggi-Senoro plant made available a single cargo, while Angola LNG put two cargoes up for sale loading in late August, traders said.
China's Guanghui Energy has awarded part or all of its tender for 18 cargoes for delivery from September 2017 to December 2018, traders said.
Trading house Glencore will supply some of Guanghui's volumes, along with two other trading houses whose identities could not be immediately confirmed.
Reporting by Oleg Vukmanovic and Mark Tay; Editing by Dale Hudson
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments