Trends - LNG trade - Business Recorder

LNG trade

G7 ministers agree to speed up renewable energy development

SAPPORO: The Group of Seven rich nations have agreed to speed up the development of renewable energy and called for...

Published 16 Apr, 2023 10:47am

Markets

Global LNG: Asian spot prices slip as muted North Asia demand weighs

SINGAPORE: Asian spot liquefied natural gas (LNG) prices this week slipped to a 22-month low amid slow demand from...

Published 14 Apr, 2023 04:54pm

Markets

Global LNG: Asian spot prices remain at 21-month low

LONDON: Asian spot liquefied natural gas (LNG) prices remained flat this week at the lowest level since July 2021 on...

Published 06 Apr, 2023 06:17pm

Markets

China completes first yuan-settled LNG trade

BEIJING: Chinese national oil company CNOOC and France’s TotalEnergies have completed China’s first yuan-settled...

Published 28 Mar, 2023 05:01pm

Markets

US supplies give China muscle to become major force in global LNG trade

SINGAPORE/LONDON: Chinese firms are set to become a major trading force in the global liquefied natural gas market ...

Published 15 Feb, 2022 06:45am

Markets

China’s Sinopec awards fewer cargoes in recent LNG tender

SINGAPORE/LONDON: Unipec, the oil and gas trading arm of China’s Sinopec Corp has awarded fewer-than-planned...

Published 27 Jan, 2022 04:05am

Markets

US natural gas jumps to 5-week high on Northeast cold, soaring global prices

US natural gas futures jumped more than 6% to a five-week high on Monday on expectations the Northeast region will...

Published 10 Jan, 2022 07:43pm

Markets

Asia LNG spot price surges by 40% to record high

This works out to roughly over $320 per barrel of oil equivalent. Brent crude oil futures is currently trading at about $81 per barrel

Updated 06 Oct, 2021 08:46pm

LNG sellers seek credit letters as gas price spike stretches credit limits

SINGAPORE: Sellers of liquefied natural gas (LNG) are asking for credit letters from companies they deal with to...

Updated 05 Oct, 2021 09:40am

Opinion

LNG sector in Pakistan — II

During the last two decades (2000-2019), the volume of the global LNG trade more than trebled, with overall share of...

Published 31 Jul, 2021 04:05am

Markets

US natgas futures little changed despite cooler forecasts next week

That lack of price movement also came despite a small decline in exports and an even smaller increase in output so far this month.
Front-month gas futures were unchanged at $2.932 per million British thermal units.

Published 07 May, 2021 06:43pm

Markets

US natgas futures rise to one-week high on cooler forecasts

Traders also noted that mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory will rise above the five-year (2016-2020) average for the first time since the February freeze.
Front-month gas futures rose 1.9 cents, or 0.8%, to $2.541 per million British thermal units.

Published 09 Apr, 2021 06:56pm

Markets

US LNG exports set to fall to 6-week low on Corpus Christi maintenance

LNG feedgas was on track to fall to 9.1 billion cubic feet per day (bcfd) on Thursday, according to Refinitiv data, its lowest since Feb. 26 when US exports were recovering after several Gulf Coast LNG plants shut due to a shortage of gas and power during the Texas freeze in mid February.
Buyers around the world continue to purchase record amounts of US gas because prices in Europe and Asia remain high enough to cover the cost of buying and transporting the fuel across the ocean.

Published 08 Apr, 2021 08:54pm

BR Research

LNG bidding: The right way

Pakistan has been taking strides to improve the RLNG spot purchase process, and the last tender saw significant...

Published 07 Apr, 2021 07:35am

Business & Finance

German gas grids report progress with investment plans to 2030

Gas firms' report shows 14% of plans for 2030 carried out.
Indigenous reserves fall, imports to rise.
Eugal pipeline fully constructed, feeder for Nord Stream 2.

Published 01 Apr, 2021 08:01pm

Markets

China's Sinopec seeks spot LNG supplies from June through Feb

The tender, which sought an unspecified number of cargoes each month on a delivered basis, closes on April 6, they said.
Sinopec was one of Asia's top buyers of spot LNG last year.

Published 01 Apr, 2021 06:04pm

Markets

Russia's Sakhalin Energy makes changes to LNG output after equipment failure

It said it was also "optimising" production at the Lunskaya A offshore platform , which mainly produces gas for the LNG plant, and evaluating the impact on LNG loading schedules.
Sakhalin Energy produced and shipped record volumes of LNG in 2020 topping 11.6 million tonnes.

Published 05 Mar, 2021 07:28pm

Markets

US natural gas futures fall 3pc on forecasts for less frigid weather

Front-month gas futures were down 8.3 cents, or 2.9%, to $2.799 per million British thermal units.
output in the Lower 48 US states has averaged 90.4 billion cubic feet per day (bcfd) so far in February.

Published 09 Feb, 2021 08:41pm

Markets

US natgas futures rise 5pc on colder forecasts, more heating demand

After falling for four days in a row, front-month gas futures rose 12.5 cents, or 5.1%, to $2.571 per million British thermal units.
Output in the Lower 48 US states averaged 91.2 billion cubic feet per day (bcfd) so far in January.

Published 25 Jan, 2021 08:42pm

Pakistan

Four private sector companies step in LNG trade

At present, two LNG terminals are operating with a full capacity of 1,200 MMCFD (Million Cubic Feet per Day).

Published 23 Jan, 2021 07:27pm

Pakistan

Four private sector companies step in LNG trade

According to a recent report of OGRA, the gap between demand and supply of gas could increase by 5,389 Million Cubic Feet per Day (MMCFD) by 2029-30.

Published 19 Jan, 2021 06:59pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 5 786 Investments Limited(786)	5.62 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 5 Al-Abbas Sugar Mills Limited(AABS)	510.11 ▼ 0.00 (0.00%)
Agro Allianz / Oct 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 5 Allied Bank Limited(ABL)	70.70 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 5 Abbott Laboratories (Pakistan) Limited(ABOT)	336 ▼ 0.00 (0.00%)
Abson Ind. / Oct 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 5 Alfalah Consumer Index ETF.(ACIETF)	7.53 ▼ 0.00 (0.00%)
Attock Cement / Oct 5 Attock Cement Pakistan Limited(ACPL)	85.81 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 5 786 Investments Limited(786)	5.62 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 5 Al-Abbas Sugar Mills Limited(AABS)	510.11 ▲ 0.00 (0.00%)
Agro Allianz / Oct 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 5 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 5 Allied Bank Limited(ABL)	70.70 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 5 Abbott Laboratories (Pakistan) Limited(ABOT)	336 ▲ 0.00 (0.00%)
Abson Ind. / Oct 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 5 Alfalah Consumer Index ETF.(ACIETF)	7.53 ▲ 0.00 (0.00%)
Attock Cement / Oct 5 Attock Cement Pakistan Limited(ACPL)	85.81 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	150,526,082 ▲ 0.00
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	12,978,337 ▲ 0.00
Bankislami Pak. / Oct 5 BankIslami Pakistan Limited(BIPL)	11,208,643 ▲ 0.00
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	8,821,211 ▲ 0.00
Habib Bank / Oct 5 Habib Bank Limited(HBL)	6,427,190 ▲ 0.00
P.I.A.C.(A) / Oct 5 Pakistan International Airlines Corp(PIAA)	6,422,500 ▲ 0.00
Maple Leaf Cement / Oct 5 Maple Leaf Cement Factory Limited(MLCF)	6,395,916 ▲ 0.00
Air Link Com. / Oct 5 Air Link Communication Limited(AIRLINK)	6,076,059 ▲ 0.00
Al-Shaheer Corp / Oct 5 Al Shaheer Corporation Limited(ASC)	5,654,165 ▲ 0.00
Oil & Gas Dev. / Oct 5 Oil & Gas Development Company Limited(OGDC)	5,097,021 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	284.85
USD PKR Interbank Buying / Oct 4	284.65
USD to Japanese Yen / Oct 4	148.93
USD to Swiss Franc / Oct 4	0.92
Pound Sterling to USD / Oct 4	1.21
Euro to USD / Oct 4	1.05
UK LIBOR % / Oct 3	5.44

Stock	Volume
S&P 500 / Oct 3	4229.45
India Sensex / Oct 3	65512.10
Nasdaq / Oct 3	13059.47
Dow Jones / Oct 3	33002.38
Tokyo Nikkei / Oct 4	30526.88
Hang Seng / Oct 4	17177.48
FTSE 100 / Oct 4	7475.08
Germany DAX 30 / Oct 4	15028.34
France CAC40 / Oct 4	6985.57

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 3	18235
Gold 10 Grams PKR / Oct 3	172410
Crude Oil USD/Barrel / Oct 4	88.50
Gold Spot USD/Ounce / Oct 4	1822.59
Cotton US¢/pound / Oct 4	87.47

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