Singapore: Asian LNG prices (LNG) decreased this week to the lowest level in three months, as lukewarm demand continues in the region and Europe continues to attract the shipping of the Atlantic basin.
The average LNG for delivery in April to Northeast Asia was $ 13.40 per million British thermal units (MMBTU), and the sources of industry are estimated.
The average delivery price in May was estimated at $ 13.20/MMBTU.
Martin, president of ARGUS, head of LNG, said, adding that some of the facilities that sell Japanese goods instead of purchasing.
The Ministry of Industry data added that the liquefied natural gas stocks held by the major Japanese electrical facilities 1.79 million metric tons as of March 9, which is above 1.48 million tons at the end of Marsh last year.
However, the demand for South Korea has chosen buyers who buy shipments during the past week to renew stocks after a cold talisman in late winter.
Siamak Adibi, an analyst at FGE, said that while the Asian liquefied natural gas demand remains weak, as March imports are expected to end at levels similar to February, liquefied natural gas shipments in Europe have been high, as total imports are likely to be shy of 12 million tons by the end of March.
He said: “The Norwegian pipeline supplies are estimated at a maximum, and the withdrawals from storage remained high due to the high gas consumption in the housing, commercial and energy sectors, primarily driven by weather conditions.”
“The main concern in the market is still underground gas stocks in Europe. As a result, liquefied natural gas imports are expected to remain high to a balance between the market in the coming months.”
The market also focuses on the comments of Russian President Vladimir Putin, who, amid talk about the ceasefire on the conflict in Ukraine, mentioned the potential cooperation of energy between the United States and Russia, and a gas pipeline for Europe.
S & P Global Commodity Insights evaluated the Daily North West Eurobe Lng (NWM) for goods that were delivered in April on the basis of previous ships (DES) at $ 12.411/MMBTU on March 13, with a deduction of $ 0.55/MMBTU to the April gas price at Dutch TTF Hub.
Argus has evaluated the March delivery price at $ 12.51/MMBTU, while Spark Commodities has evaluated $ 12.829/MMBTU.
Meanwhile, the American arbitration expanded to northeastern Asia through Cape of good hope for the first time in nearly two months, stimulating American goods to deliver them to Europe, said the spark commodity analyst Qasim Afghan.
He added that the prices in the Pacific Ocean rose to 19750 dollars a day, in the LNG shipping market, the Atlantic prices increased this week to $ 25,750 a day on Friday, which is the highest level in four months, while the Pacific prices rose to $ 19,750 a day.
