LNG Cargoes

CNOOC Buys LNG Cargoes As Demand Rebounds

China’s offshore oil and gas major CNOOC Ltd 0883.HK has bought more than 10 liquefied natural gas (LNG) cargoes for delivery between July and next March, reports Nasdaq.

China’s economy rebound

The state-owned firm’s purchase is on the back of higher spot LNG prices LNG-AS, which have doubled since early March, as China’s gas demand grows with rebounding economic growth.

CNOOC bought 12 to 15 cargoes, which is higher than the 10 cargoes it initially sought for the period, two of the sources said.

P...

https://mfame.guru/cnooc-buys-lng-cargoes-as-demand-rebounds/

Japanese Spot LNG Prices Drops Off

Japanese spot LNG prices for delivered cargoes in March dropped substantially from the previous month and the contracted prices almost halved, as well as being well down year on year, says an article published in LNG Journal.

Lowering Prices

Japanese spot LNG prices for delivered cargoes in March 2021 came to $9.30 per million British thermal units compared with $16.30 per MMBtu in February 2021.

The March 2021 contracted price for shipments to Japan averaged $6.60 per MMBtu versus $12.70 per...

https://mfame.guru/japanese-spot-lng-prices-drops-off/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.