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Shell Bought Four LNG Spot Cargoes for Asia

LNG

Shell has accelerated spot LNG purchases for this winter, as the firm bought four LNG shipments for December delivery to North Asia on Wednesday and Thursday according to S&P’s MOC.

  • Shell’s buying activity has supported prices in the region. Asian rates for December are around 10% higher on the week.
  • JKM Nov 23 down -1.2% at 18.45$/mmbtu
  • JKM-TTF Nov 23 down -0.3$/mmbtu at 2.55$/mmbtu

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