📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Global LNG-Asian spot prices edge lower as Atlantic tenders emerge

Published 01/08/2015, 01:54 am
Updated 01/08/2015, 01:56 am
© Reuters.  Global LNG-Asian spot prices edge lower as Atlantic tenders emerge
NG
-
PLNG
-

MILAN/LONDON July 31 (Reuters) - Asian liquefied natural gas (LNG) spot prices for September delivery dipped this week as demand waned, while requirements from Argentina and Mexico boosted Atlantic activity.

The price of Asian spot cargoes dropped to around $7.95 per million British thermal units (mmBtu), from $8.10/mmBtu last week.

Jordan purchased two cargoes for delivery in September from Swiss trading house Trafigura after a tender.

Argentina's state-run YPF has re-tendered to buy two cargoes for delivery into its river terminal at Escobar, while Mexico notified of a need for four cargoes delivering September through December.

Portugal's Galp has shortlisted companies in line for six Nigerian cargoes it is offering from October to September, 2016, but traders said it may sell cargoes over the next five years.

India's Petronet LNG PLNG.NS aims to lease out about two-thirds of the capacity at its Dahej import terminal in Gujarat state over the next four years to boost revenue and prevent the facility falling into disuse. [ID:nL3N10A3Y4

Jordan meanwhile has yet to award a major tender seeking over 1 million tonnes of supply over a period of four years, the state-run National Electric Power Company said on its website.

Egypt is also seeking 45 cargoes over a two year period.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.