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Latest issue of The LNG Markets
Middle East and South Asia players could be game changer in the short run
Highlights of Issue :
The strong buying interest from Jordan, Pakistan and Egypt, rekindled interest in spot markets. Most of the front month offers are expected to move up by at least 10cts to 20cts for all the buyers.
Trade Overview
Middle East Markets Trade Summery
South American Markets Monthly Trade Summery
South Asia/India Monthly Trade Summery
Northeast Asia Monthly Trade Summery

Indian major IOCL seeks June cargo despite reduced demand

 Indian Oil Corp had closed a buy tender on May 14 for a spot cargo to be delivered, in early June. Previously, another refining major Bharat Petroleum Corp (BPCL) believed to have acquired, a May 25 delivery cargo at around $2.15 per million British thermal unit (mBtu). Most importers from India including state owned Gujarat State Petroleum Corp (GSPC), Petronet LNG, Indian Oil Corp and GAIL were facing “tank top up” situation at the Petronet operated 17.5mil mt/year Dahej terminal due to Covid-19 crisis and locked down imposed by the government. Most importers have already sought differed delivery of cargoes during May and June. Indian importers have also differed some of the long term and spot cargoes secured from the US based suppliers for June.


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