MEA consumers are attracting Australian LNG shipments – helped by low LNG prices, an oversupplied market and the increasing participation of portfolio players.
Asia remains the primary customer for Australian LNG shipments, but the MEA and Latin America are also offering attractive prices, resulting in some Australian cargoes heading to these destinations. Average spot LNG prices for July delivery were $5.3/MMBtu in the MEA, $5.2/MMBtu in Latin America, $4.6/MMBtu in Europe, and $4.6/MMBtu in Northeast Asia.
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.Sign in
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up