Asian LNG market

Asian LNG Market Stays Strong Amidst Alarming Covid Surge

  • Asia’s imports of liquefied natural gas (LNG) are holding up strongly and are set for gains in May.
  • The pricing suggests that Asia’s major buyers have already locked in what they think will be sufficient cargoes to meet summer demand.

Asia’s imports of liquefied natural gas (LNG) are holding up strongly and are set for gains in May, even as coronavirus outbreaks spark demand worries in some top consumers, including India and Japan, says an article published in Reuters.

Refinitiv Vessel-tracking...

https://mfame.guru/asian-lng-market-stays-strong-amidst-alarming-covid-surge/

Why Asian Buyers Seek More Permanent Protection in Their LNG Contracts?

The price extremes of the Asian LNG market in the past year, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed, reports Platts.

What is the reason behind?

The price extremes of the Asian LNG market in the past year, due to the pandemic-driven demand destruction of 2020 and winter demand spike of early 2021, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed.

Buyer...

https://mfame.guru/why-asian-buyers-seek-more-permanent-protection-in-their-lng-contracts/

Asia’s Spot LNG Demand Dampened By Dreadful Conditions In India & Japan

  • India’s spot LNG demand dries up, power demand drops.
  • Japan’s LNG imports hover near year-ago pandemic levels.
  • Concerns over tank-tops, worsening pandemic crisis in India.

Asia’s LNG demand has been dampened by the worsening pandemic in India, that is expected to curb gas and power demand, with spot cargoes already impacted, and the declaration of emergency in Japan, where imports are already hovering near year-ago levels, says an article published in S&P Global Platts.

Asian LNG Rates

While the...

https://mfame.guru/asias-spot-lng-demand-dampened-by-dreadful-conditions-in-india-japan/

Uniper Expands LNG Fleet Amid Growing Asian Demand

German utility Uniper took delivery of a new LNG tanker in South Korea amid efforts to boost its presence in the burgeoning Asian LNG market, reads the company website.

Service contract for multiple trips

The LNG tanker LNG Rosenrot is now complete and will be delivered to Uniper in South Korea. Uniper will become the ship’s first charterer as part of a transport service contract that covers multiple trips.

The shipbuilders, South Korean company Daewoo Shipbuilding & Marine Engineering Co., Ltd....

https://mfame.guru/uniper-expands-lng-fleet-amid-growing-asian-demand/

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