FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Asia’s LNG Spot Prices Fall on Week: Reuters

LNG
Energy BulletsBulletPower BulletsCommodities

Asian spot LNG prices slightly slipped this week as demand remains tepid and supply ample, Reuters said.

  • The average LNG price for November delivery into North-East Asia was $13/MMBtu, down 10 cents/MMBtu on the week.
  • The slight decline was driven by receding geopolitical tensions and ample LNG supply to Asia.
  • On the supply side, Train 2 at Australia’s Ichthys LNG restarted operations this week after going offline in August.
  • However, sources told Reuters that two production trains at Malaysia’s Bintulu LNG are offline, likely to be trains 7 & 8.
  • Nuclear reactor shutdowns could lead to an increase in upcoming LNG demand in Japan to meet power requirements, Reuters added.
105 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Asian spot LNG prices slightly slipped this week as demand remains tepid and supply ample, Reuters said.

  • The average LNG price for November delivery into North-East Asia was $13/MMBtu, down 10 cents/MMBtu on the week.
  • The slight decline was driven by receding geopolitical tensions and ample LNG supply to Asia.
  • On the supply side, Train 2 at Australia’s Ichthys LNG restarted operations this week after going offline in August.
  • However, sources told Reuters that two production trains at Malaysia’s Bintulu LNG are offline, likely to be trains 7 & 8.
  • Nuclear reactor shutdowns could lead to an increase in upcoming LNG demand in Japan to meet power requirements, Reuters added.