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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
Middle East Markets Trade Summery
South American Markets Monthly Trade Summery
South Asia/India Monthly Trade Summery
Northeast Asia Monthly Trade Summery
 
  News

India's GSPC awarded three cargoes to JERA, Shell and SOCAR

India’s state-owned Gujarat State Petroleum Corp (GSPC) had awarded three cargoes from its buy tender of seven, closed on May 28. Sources now confirmed that the three cargoes were awarded to three different suppliers.
The suppliers included, Japanese major JERA, Royal Dutch Shell and the Swiss trading major SOCAR. The cargoes were scheduled for three delivery windows including Dec 2020, Mar 2021 and Jun 2021. Sources also confirmed that the three cargoes were awarded at much higher discount than the one reported by media last fortnight to Platts Japan Korea Marker (JKM) price.  
GSCP decided not to award cargoes for remaining four delivery windows Jan, Feb, April and May 2021, sources said mainly, because prices offered by the suppliers did not match the GSPC’s expectations.
As reported earlier, GSPC had originally closed a buy tender in late March for 11 cargos, spread over May to March 2020-21. The buy tender was cancelled and was split into five cargo buy tender, closed and awarded in third week of June and later seven cargo buy tender closed on May 28.


 
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