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Latest issue of The LNG Markets
South Asia Leading Demand Recovery
Highlights of Issue :
South Asian LNG importers started looking for more LNG, leading towards pre-winter demand. India, Pakistan and Bangladesh refreshed their demand requirement. Series of buy tenders from importers from the region hit the market in last fortnight.  
Trade Overview
Pakistan's PLL awarded April buy tender at 11.05% and 10.89% of Brent prices
Unprecedented rise and fall in spot prices in Jan 2021- events unfolded and analysed
Indian major IOC, GSPC imported two spot cargoes for Mar delivery in low to mid $8
Nine spot cargoes for January delivery were cancelled by the Indian importers
 
  LNG Trade Summary
Indian major IOC, GSPC imported two spot cargoes for Mar delivery in low to mid $8
 

Indian Oil Corp (IOC) believed to have contracted two spot cargos in last fortnight. IOC bought one for Mar 10 delivery window in low $8. Supplier for the cargo was trading major Vitol, according to market sources. Prior to that IOC bought a spot cargo from Ras Laffan LNG at around $8.70 for delivery from late Feb to early March window. The state owned Gujarat State Petroleum Corp (GSPC) also bought a spot cargo through a buy tender for delivery during mid Feb window at the Petronet LNG operated Dahej terminal. GSPC bought its mid Feb cargo for low to mid $8 from Qatar Petroleum (QP) through a buy tender closed late in Jan.


 
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