You are here: Home » Reuters » News
Business Standard

Floating LNG cargoes in Asia find buyers as prices plunge

Reuters  |  SINGAPORE 

By Jessica JaganathanSINGAPORE (Reuters) - Several liquefied natural gas (LNG) cargoes that had been stored on vessels in Asian waters are now heading towards buyers' terminals in China, Japan or South Korea as spot prices for the super-chilled fuel have plunged this week to multi-month lows. At least nine LNG tankers are now on their way or have already offloaded cargoes to buyers after floating off Singapore, Malaysian or South China waters for up to two months, shipping data from Refinitiv Eikon showed. The data also shows that at least five laden LNG tankers remain in Singapore waters. ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 05 2018. 15:31 IST
RECOMMENDED FOR YOU