GLOBAL LNG-Asian spot prices edge higher as supply tightens [Reuters]
PetroChina Company Limited (PTR)
US:NYSE Investor Relations:
petrochina.com.cn/ptr/tzzgx/tzzgx.shtml
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Source: Reuters
GLOBAL LNG-Asian spot prices edge higher as supply tightens * PetroChina suspends gas contracts as coronavirus hits demand * Buyers in India, South Korea seek cargoes * S&P Global Platts reports its first Asian LNG derivatives trade By Jessica Jaganathan SINGAPORE, March 6 (Reuters) - Prices of Asian spot liquefied natural gas (LNG) edged up this week as supply for cargoes to be delivered in April tightened, but traders expected prices to remain low for a while as demand continued to be weak amid the coronavirus outbreak. The average LNG price for April delivery into northeast Asia LNG-AS is estimated at about $3.20 per million British thermal units (mmBtu), 20 cents higher from the previous week, but still near record low prices, several traders said. Prices for cargoes delivered in May are estimated to be at the same level as April, they added. “Supply for April has more or less dried up as U.S. cargoes are unable to make it to Asia,” a Singapore-based trader said. Low spot prices w
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