Global LNG-Asian spot prices firm as Nigeria supply issues eyed

viernes 7 de agosto de 2015 11:34 GYT
 

* Shell declare force majeure on gas to Nigeria LNG terminal

* Indonesia's Donggi-Senoro LNG project ships first cargo

* Trinidad launches tender to sell one cargo

LONDON/MILAN Aug 7 (Reuters) - Asian liquefied natural gas (LNG) spot prices for September delivery were firm this week, supported by supply issues in Nigeria after a pipeline leak, though surplus global supplies helped ease concerns.

The price of Asian spot cargoes held steady at around $8.00 per million British thermal units (mmBtu), from $7.95/mmBtu last week.

Shell confirmed on Thursday that it had declared force majeure on gas supplies to Nigeria's LNG export terminal on Bonny Island in Rivers State due to a pipeline leak.

"Before Nigeria happening prices were falling, so it has helped support the market," an analyst said, adding that surplus volumes globally were capping any potential upside.

"As long as there isn't an impact on LNG exports, which for the time being seems to be the case, there will be some rescheduling which is manageable by the market."

The analyst estimated Nigeria exports at around 7 cargoes a week.   Continuación...