Tohoku Electric's LNG Buy Sets Asian Spot Level

Maritime Activity Reports, Inc.

January 30, 2015

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range, pushing Asian benchmark spot LNG prices lower, traders said.

Tohoku's tender to buy one cargo closed this week, traders said.

The price estimated by traders at around $7.20 per mmBtu sets a new benchmark for the Asian spot LNG price, its lowest since July 2010 and down from levels assessed by Reuters on Jan. 23 of $8 per mmBtu. (Reporting by Oleg Vukmanovic

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News