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DUBAI: A liquefied natural gas (LNG) tanker that loaded cargo from Qatar is signaling the UAE as its destination, the first such shipment since mid-2017, reflecting improving ties between the countries. LNG tankers sometimes change destination, but if the shipment is completed, this would be the first time a Qatari LNG cargo has been shipped to the UAE since May 2017, ....
LNG shipments from Qatar to UAE to resume, signaling improving ties A liquefied natural gas (LNG) tanker that loaded cargo from Qatar is signaling the UAE as its destination, the first such shipment since mid-2017, reflecting improving ties between the countries. LNG tankers sometimes change destination, but if the shipment is completed, this would be the first time a Qatari LNG cargo has been shipped to the UAE since May 2017, ship-tracking data from Refinitiv Eikon and data intelligence firm Kpler showed. The UAE and other countries in the region severed relations with Qatar in mid-2017 over accusations that Doha supports terrorism, a charge that it denies. ....
10 May 2021 - 10:10 The Peninsula Oil edged up slightly on Friday even as the COVID-19 crisis in India worsened, and prices notched a second weekly gain against the backdrop of optimism over a global economic recovery. Brent crude futures ended the session last Friday at $68.28 a barrel while US West Texas Intermediate (WTI) crude settled at $64.90 a barrel, both up 19 cents, or 0.3 percent. For last week, both benchmark crudes rose by more than 1 percent, making this week the second consecutive weekly gain, as easing COVID-19 restrictions on movement in the United States and Europe, recovering factory operations and coronavirus vaccinations pave the way for a revival in fuel demand. ....
Asian LNG prices soar to nearly 4-month high on firm demand Asian spot prices for liquefied natural gas (LNG) rose to a nearly four-month high this week as cargoes were pulled into Europe amid firm restocking demand and for power generation demand in summer, trade sources said on Friday. The average LNG price for June delivery into Northeast Asia LNG-AS was estimated at about $9.65 per million British thermal units (mmBtu), up 80 cents from the previous week, they said. The price for a cargo delivered in July was estimated at about $9.75 per mmBtu, they added. Firm demand from Europe and China as buyers replenished diminished gas inventory was supporting prices, traders said. ....
4 Min Read LAUNCESTON, Australia (Reuters) - The price of spot liquefied natural gas (LNG) for delivery to north Asia has started its traditional summer rally early this year as buyers fret about the potential for supply shortages when the peak demand season arrives. FILE PHOTO: A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina s receiving terminal in Dalian, Liaoning province, China July 16, 2018. REUTERS/Chen Aizhu/File Photo The spot price rose to $8.85 per million British thermal units (mmBtu) in the week to April 30, up from $8.65 the prior week and the highest since Jan. 22. The post northern winter low was $5.60 per mmBtu on Feb. 26, and working on the assumption that prices don’t dip in coming weeks, this would be a considerably earlier low than in the previous five years. ....