|2019-05-27 来源： 中国石化新闻网|
GLOBAL LNG-Flood of spot cargoes push prices to seven-week low
Asian liquefied natural gas (LNG) prices slumped this week on a flood of spot volumes amid subdued demand.
Prices for delivery into northeast Asia in July are estimated at $4.50 per million British thermal units (mmBtu), the lowest level in seven weeks. The August price is in a slight contango but is also below $5.00 per mmBtu.
Price spreads between Europe and Asia shrank to below 50 cents from over $1 earlier in May, reducing opportunities for spot trade between the Pacific and Atlantic basins.
Cargo offers came from a variety of sellers around the world.
In the Pacific, the BP-operated Tangguh LNG project in Indonesia offered three cargoes for loading in August and September, while state-owned Pertamina offered two cargoes for loading from the Bontang plant in June and July.
Brunei LNG offered a cargo for late June loading and may have awarded it at $4.50 to $4.60 per mmBtu, sources said.
In the Middle East, offers came from Oman where two spot cargoes were made available for loading from the end of June to the end of August.
In the Atlantic, Egypt’s natural gas company (EGAS) awarded its sell tender for 13 cargoes loading in June and July.
Prices for some cargoes might have been as low as $3.50 per mmBtu, trade sources said, with the low prices being a result of a drop in European gas prices.