Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

Platts JKM Weekly: LNG cargoes surge 30 cents to $9.65/MMBtu on stronger oil

Energy | LNG | Natural Gas | Natural Gas (European)

Russian Gas in Europe: More Than Pipelines

Natural Gas | Oil

Platts Scenario Planning Service

Commodities | LNG | Natural Gas | Marine Fuels | Tankers | Banking

18th Annual LNG Conference


Libya declares force majeure on Sharara crude loaded at Zawiya: NOC

Platts JKM Weekly: LNG cargoes surge 30 cents to $9.65/MMBtu on stronger oil

Singapore — The Platts JKM for December delivery LNG cargoes ended the trading week at $9.65/MMBtu, charting a 30 cent rise on the week and edging towards double figures.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Asian spot LNG was last in double-digit territory on January 2, 2015.

Spot prices rose on the back of stronger Brent crude values, hovering around $64/barrel, hoisting indicative forward price levels for oil-linked term LNG prices as well as oil-linked deal levels into recent Egypt and Pakistan LNG buy tenders.

Egypt's buy tender seeking 12 cargo deliveries across the first quarter of 2018 was awarded to Gas Natural Fenosa, Trafigura, Vitol and Glencore for five cargoes, four cargoes, two cargoes, and one cargo, respectively, according to sources.

Successful oil-linked offer levels were equivalent to around $9.50/MMBtu to $9.70/MMBtu for January and February cargoes.

Higher oil-linked prices in the Middle East and India markets also hoisted pricing indications in the Pacific.

Papua New Guinea LNG's sell tender offering a single December 2-3 loading cargo was awarded at a delivered ex-ship equivalent price of about $9.50/MMBtu for delivery into China.

An unusual November 19 loading FOB cargo offered and sold by Petronas to a North Asian buyer also supported sentiment on the prompt market despite the trade being outside of current price assessment periods.

Offer levels have been rising for both December and January assessment periods, towards the $10/MMBtu mark, with the inter-month pricing structure flattening out.

Concerns over production in key Australian production facilities continue to linger, with market players watching for Wheatstone LNG to load its second cargo, Gorgon project's Train 3 to enter maintenance in mid-November for up to 40 days, and a possible production outage at North West Shelf LNG.

--Edwin Loh,
--Edited by Alisdair Bowles,