🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

GLOBAL LNG-Prices rise slightly in quiet trading week

Published 19/08/2017, 12:57 am
© Reuters.  GLOBAL LNG-Prices rise slightly in quiet trading week
NG
-
GLEN
-

By Oleg Vukmanovic and Mark Tay

LONDON/SINGAPORE, Aug 18 (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 million British thermal units (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 (LON:GLEN) will supply some of Guanghui's volumes, along with two other trading houses whose identities could not be immediately confirmed.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global natural gas & LNG prices

http://reut.rs/2uXZJCq Global LNG supply vs demand

http://reut.rs/2sJ47UQ

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

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.