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LNG prices steady as Japan swelters and Texas plant readies export

  • Source: The Globe and Mail - - Read: 0



    Asian spot prices for liquefied natural gas (LNG) remained steady this week amid sweltering heat in Japan driving buying activity, while a new project in the United States is expected to load its first cargo soon.

    Spot prices for October delivery to Northeast Asia are estimated to be about $4.70 to $4.90 per million British thermal units (mmBtu), slightly up from last week’s $4.75 per mmBtu, the sources said.

    Prices for September delivery are estimated to be about $4.20 per mmBtu, same as the previous week, they said.

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    Japanese utility Tohoku Electric Power sought a cargo for September delivery in a tender that closes on Aug. 16, its second spot requirement this month, industry sources said.

    “(Japanese utilities) should be drawing down in ...



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