Global LNG-Weak demand pulls Asian prices slightly lower

jueves 2 de abril de 2015 11:43 GYT
 

* Limited demand struggles to dent ample supply

* Egypt receives floating LNG import terminal, 1st cargo

* Ship tenders seen in Abu Dhabi, NWS, Japan

MILAN, April 2 (Reuters) - Asian spot liquefied natural gas (LNG) prices for May delivery edged slightly lower on Friday as gas consumption stayed slack during the typically low-demand period.

The price of spot LNG for May delivery eased to $7.45 per million British thermal units (mmBtu) from $7.50 per mmBtu last week.

Incremental demand from Taiwan, India, China and Japan struggled to put a dent in ample supply availability coming from Indonesian and Australian production plants, among others.

PetroChina plans to import only slightly more natural gas and LNG this year due to slower demand growth and higher domestic output, a bearish signal for global LNG markets after China's 13-percent gas demand growth last year.

Egypt moved closer to easing its chronic power shortages on Thursday as the arrival of a floating import terminal marked the start of LNG imports.

The terminal, called the Hoegh Gallant and supplied by Norwegian shipping company Hoegh, arrived fully laden with Egypt's first cargo from Qatar.   Continuación...