SINGAPORE :Energy companies in Asian emerging markets are returning to the market for liquefied natural gas (LNG) cargoes as prices have fallen to their lowest in more than a year.Buyers in Thailand, India and Bangladesh have been on the sidelines for months as prices soared following Russia's invasion of Ukr
SINGAPORE :Energy companies in Asian emerging markets are returning to the market for liquefied natural gas cargoes as prices have fallen to their lowest in more than a year.
Amid the falling prices, Bangladesh's state-owned Rupantarita Prakritik Gas Company Ltd last week issued a buy tender for one LNG cargo for delivery in late February. Thailand's PTT has also issued tenders seeking a total of 12 LNG cargoes to be delivered between February and April, while India's GAIL Ltd and Petronet respectively sought cargoes for February delivery.
Ramesh also noted that spot LNG prices are now competitive with the price of coal for power generation. He sees the recent buying interest, along with cold temperatures from a polar vortex in North Asia, lending near-term support for LNG.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Easing prices revive LNG interest from Asia's emerging gas marketsSINGAPORE : Energy companies in Asian emerging markets are returning to the market for liquefied natural gas (LNG) cargoes as prices have fallen to their lowest in more than a year.The shifting market trend reverses months of buyers in Thailand, India and Bangladesh staying on the sidelines as prices soar
Read more »
Netball Singapore welcomes MiRXES as new title sponsor for Nations Cup - Singapore News“Healthcare is the most important element of our lives, and with 2023 being a big year for us, we’re grateful to have MiRXES here to support Singapore netball,” expressed Charmaine Soh, national netball goal shooter
Read more »
Singapore netizens debate if money equals happiness - Singapore News“For me, I think it really depends on each person. I'm rather content with my life right now even though I'm not wealthy but as long as my family is healthy, I'm happy,” the netizen added.
Read more »
Top Uses for Personal Loans and the Pros & Cons of it in Singapore - Singapore NewsA few common reasons Singaporeans apply for personal loans and the pros and cons that come with them.
Read more »
S’pore women’s tchoukball team make history, ranks world’s No. 1, but only finds out a month later from Facebook postSINGAPORE \u2014 In a happy accident, the president of the Tchoukball Association of Singapore, Delane Lim, discovered that the Singapore women\u2019s team is ranked
Read more »
Ukrainians to get millions of LED light bulbs to ease energy shortfallUkraine is hoping to dampen the impact of Russia missile strikes on its energy infrastructure. Read more at straitstimes.com.
Read more »