Kategori : NATURAL GAS ENERGY NEWS, ENERGY AGENDA NEWS - Tarih : 16 September 2020

Asian spot liquefied natural gas (LNG) prices rose this week as there were supply issues in Australia and the United States, while several buyers were looking for cargoes. The average LNG price for October delivery into northeast Asia LNG-AS was estimated at $4.5 per million British thermal units (mmBtu), $0.45 per mmBtu above last week’s level, market sources said.

This is the highest price since late January, Reuters price assessment data showed.

After a previous two-month delay in restart of the Gorgon Train 2 due to maintenance works, Chevron Corp said on Thursday it would further delay the restart to October from early September. The facility at Australia’s second-largest LNG plant has been shut since May.

In the United States, hurricane Laura halted loadings at Cheniere Energy Inc’s Sabine Pass and Sempra Energy’s Cameron LNG export plants in Louisiana last week.

There were no loadings at these plants after Aug. 23, said Kaleem Asghar, director of LNG analytics at ClipperData on Friday.

“There are 16 ballast vessels in the Gulf of Mexico and feedgas supply remains zero to Sabine Pass and Sempra LNG terminal,” he said, adding that more vessels were sailing towards Corpus Christie and Freeport LNG terminals instead.