Asian LNG prices slip but deliveries for December at record high


Asian LNG prices slip but deliveries for December at record high

Asian spot prices for liquefied natural gas (LNG) slipped this week amid thin trade, though monthly deliveries into Northeast Asia climbed to a record in December as colder-than-normal temperatures are expected this week.

Spot prices for February delivery to Asia dropped to $9.10 per million British thermal units (mmBtu), with bids and offers remaining wide apart from $8.70 to $9.50 per mmBtu, industry sources said. Trade was largely quiet with many traders on Christmas holidays.

Commodities trader Vitol Asia bid in S&P Global Platts’ pricing process on Thursday for a series of four LNG cargoes to be delivered over 2019 to 2020, according to one trader.

The cargoes were for delivery over May 10 to 20, August 10 to 20, November 10 to 20 in 2019 and Feb. 10-20 in 2020 into Port of Gwangyang, South Korea. Read More

Leave a Reply

Your email address will not be published.