Page 3 - Toby Copson News Today

SINGAPORE: Asian spot liquefied natural gas (LNG) prices held steady for a second consecutive week, as some summer...

Asian spot liquefied natural gas prices held steady for a second consecutive week, as some summer demand kept prices from sliding in an overall tepid market. The average LNG price for...

China is on a natural gas shopping spree.

Energy security has always been a priority for China, said Toby Copson, global head of trading and advisory at Trident LNG in Shanghai.

In a bid to secure energy security amid market volatility and geopolitics, China is leading the world in signing long-term contracts for LNG supply, accounting for one-third of all such contracts this year.

China is continuing its push to secure long-term contracts for LNG imports in order to enhance energy security and avoid future shortages. China is on track to become the worlds top importer of LNG in 2023 and has been signing more long-term contracts than any other nation for the past 3 years.

The government continues to back efforts by state-owned buyers to sign long-term contracts and even invest in export facilities, in order to bolster energy security through the middle of the century

High temperatures in Asia have increased cooling demand.

The average LNG price for July delivery into north-east Asia was at $9 per million British thermal units (mmBtu), the lowest since May 2021, industry sources estimated

SINGAPORE: Asian spot liquefied natural gas (LNG) remained flat this week at a two-year low, as ample spot supplies...