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Dec 5, 2024 | 
spglobal.com | Takeo Kumagai |Atsuko Kawasaki |Akihiro Gotoda
All regions in Japan are forecast to experience below 30-year average temperatures in the next one month from Dec. 7, the Japan Meteorological Agency said Dec. 5, boosting demand for power generation and heating. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The latest month-long weather forecast , forecasting 30-year-average temperatures over Nov. 30-Dec. 29.
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Nov 20, 2024 | 
spglobal.com | Eric Yep |Takeo Kumagai |Atsuko Kawasaki
Brunei LNG is managing an "operational upset" and flaring and noise could be observed at its facility, the Southeast Asian LNG exporter warned in a public notice on a social media platform overnight. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The company did not immediately respond to queries seeking further details of the incident.
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Nov 18, 2024 | 
spglobal.com | Takeo Kumagai |Atsuko Kawasaki
Spot prices traded on the Japan Electric Power Exchange surged 19.6% for Nov. 19, with the 24-hour day-ahead price soaring to Yen 15.31/kWh from Yen 12.80/kWh for Nov. 18, as power demand picked up due to dropping temperatures, particularly in eastern and northern Japan. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The Nov.
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Oct 3, 2024 | 
spglobal.com | Atsuko Kawasaki |Surabhi Sahu
The Maritime and Port Authority of Singapore is set to grant additional LNG bunker supplier licenses to one or more companies by the end of 2024 to boost LNG fuel supply amid firm demand, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. According to a source, a single new LNG license might initially be awarded, with the recipient getting some leeway in terms of time to acquire the LNG barge and commence operations.
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Mar 22, 2024 | 
spglobal.com | Atsuko Kawasaki
Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today.
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Feb 22, 2024 | 
spglobal.com | Atsuko Kawasaki
Make Decisions With Conviction For full access to real-time updates, breaking news, analysis, pricing and data visualization subscribe today. Crude Oil | LNG | Upstream Highlights Sakhalin Energy's spot sales expected to decline Price reviews from April ongoing Russia's Sakhalin Energy is offering 12 LNG cargoes a year to Chinese buyers for a term period of three to five years starting August, industry sources said. Not registered?
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Oct 11, 2023 | 
spglobal.com | Atsuko Kawasaki
South Korea's Korea Midland Power Co, or Komipo, Oct. 11 issued an invitation, seeking 15 years of LNG supply over 2027-41, the tender document on the company website said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The South Korean power generation company was looking to import six cargoes a year from 2027 to 2035 and four cargoes a year from 2036 to 2041, according to the document.
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Sep 29, 2023 | 
spglobal.com | Atsuko Kawasaki
Japan's LNG stocks are expected to rise in October to November due to stock replenishments and falling weather temperatures, market sources said in the week of Sept. 25-29. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Stock levels in Japan, the largest LNG importer in 2022, could have a significant impact on Asia's LNG fundamentals, especially in winter.
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Sep 19, 2023 | 
spglobal.com | Atsuko Kawasaki |Ying Ting Lew |Suyash Pande
Unipec, a trading arm of Chinese national oil company Sinopec, purchased at least 23 LNG cargoes via a major buy tender that closed on Sept. 15, with winter volumes heard secured at average cash premiums of 10-30 cents/MMBtu to the corresponding JKM pricing periods, according to multiple industry sources. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Sep 13, 2023 | 
spglobal.com | Atsuko Kawasaki
The Asian LNG market has started to see demand for winter popping up from China as the fourth quarter approaches, while Japanese and South Korean buyers are taking a wait-and-see stance, market sources said in the week started Sept. 11. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Sources said the market still has enough supply to meet demand at the moment while the supply might tighten in the coming months.
