Return of buyers bumps spot LNG prices back up

Return of buyers bumps spot LNG prices back up

After the spot LNG prices have, by many reports, hit bottom in the past few months many buyers have returned to the market to stock up for the coming winter period and higher prices expected in October and November. 

Platts Japan Korea Marker for September delivery rose from $10.525/MMBtu by $0.30/MMBtu over two days.

Platts reports sources saying that prices rose due to the expectation of even higher prices during the winter.

Even though the spot trading remains thin, recent sell tender from Australia’s North West Shelf LNG was interesting for a large amount of customers, with the project awarding six cargoes. They went to portfolio sellers who are thinking of the market and optimizing their position in the market.

 

LNG World News Staff, August 13, 2014; Image: Woodside

Share this article

Follow LNG World News

One thought on “Return of buyers bumps spot LNG prices back up”

Comments are closed.

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >