GLOBAL LNG-Asian Prices Dip Amid Healthy Supply

Asian spot liquefied natural gas (LNG) prices eased slightly over the past week as healthy supplies going into the northern hemisphere’s autumn season countered upward pressure from a bullish oil market. Spot prices for November delivery LNG-AS dipped by 10 cents to $11 per million British thermal units (mmBtu), industry sources said. That slip came
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China remained the trading nation best connected to others by sea in 2018 according to UNCTAD’s latest Liner Shipping Connectivity Index (LSCI), released alongside the Review of Maritime Transport 2018. The country’s LSCI number has increased by 88% since UNCTAD first compiled the index in 2004. The best-connected territories for seaborne trade were all in
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Healthy economic growth will likely continue driving Asian oil and fuel demand growth in the coming decades, but the strong uptrend in international crude prices this year and the recent sharp depreciation in emerging market Asian currencies could hit regional consumer confidence in the short term, industry executives and market sources said Tuesday. Non-OECD and
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In Asia Pacific thermal coal circles it is known as the “great decoupling” and refers to the yawning gap between spot traded prices for Newcastle 6,000 NAR thermal coal and another grade of Newcastle thermal coal, 5,500 kcal/kg NAR. That gap has blown out to an unprecedented $50/mt, from only $10/mt in early February, and
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A total of seven incidents of armed robbery against ships were reported in Asia in July 2018, Asian piracy watchdog ReCAAP ISC informed. During the month, seven actual incidents were reported. All have been verified and reported to the ReCAAP ISC by ReCAAP Focal Points and Contact Point. There has been an increase in the
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Asian spot LNG prices averaged $9.58/MMBtu last week, down by 6.99% from the previous week and falling below the $10/MMBtu mark for the first time since mid-June. Sufficient stockpiles at terminals softened demand among buyers. Robust gas-fired power generation in China pushed up end-user prices for trucked LNG in 17 of the country’s 19 major
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As a part of his two days visit n Andhra Pradesh, Dr. Wencai Zhang, Vice-President-1, Asian Development Bank (ADB), accompanied by a team of senior officials of the bank visited Sri City on 20 July 2018. Mr. Ravindra Sannareddy, Founder Managing Director, Sri City extended a warm welcome.  Briefing them on the infrastructure and the
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Growth in Asia and the Pacific’s developing economies for 2018 and 2019 will remain solid as growth continues apace across the region, despite rising tensions between the United States and its trading partners, says a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook (ADO) 2018 report released last April,
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Asian buyers of Iranian crude are likely to reduce their off-take substantially over the coming quarters on the expectation of a re-imposition of US sanctions and uncertainty over the provision of waivers from Washington, research firm BMI said in a note. Oil exporters in the Middle East such as Saudi Arabia, Iraq, the UAE and
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A supply glut in the Asian gasoline market has prompted market participants to look further afield to clear the length, with Mexico and the US West Coast as main arbitrage destinations, trade sources said this week. To date, up to 175,000 mt, in five MR vessels, were scheduled to load in July from Singapore and
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