Global LNG-Prices hold as major tender results awaited

viernes 14 de agosto de 2015 13:15 GYT
 

* Spree of tender awards due next week

* Nigeria LNG force majeure not impacting market

* October prices under pressure

MILAN/LONDON Aug 14 (Reuters) - Asian liquefied natural gas (LNG) prices steadied for September delivery this week as traders awaited the outcome of purchase and supply tenders to signal price direction.

"There's a lot of offers, a lot of tendered supply, but while those tenders haven't closed yet, actual executed prices are a little unclear," said a trader.

The price of Asian spot cargoes held steady at around $8.00 per million British thermal units (mmBtu), level-pegging with October prices, which were coming under pressure.

Japanese utility Tohoku Electric purchased a cargo for mid-October delivery paying around $8.00 per million British thermal units (mmBtu), a trader said.

Shell's force majeure on gas supplies to Nigeria's LNG export terminal at Bonny Island failed to move the dial on supply outlooks so far, with Bonny cargoes loading as planned.

"There's been no actual impact at the terminal, the force majeure was only ever declared on the feed gas pipeline which was 40 percent of the total supply into the terminal and I suppose the other feed gas pipelines have the ability to ramp up and replace if not all, certainly some of that supply," the trader said.   Continuación...