This week’s policy moves, from the six-month gas price ceiling to the new PNG Drive 3.0, assume steady supply that the market cannot yet promise.
Prices ease, but only slightly
Asian spot LNG for November delivery fell to US$25.25 per mmBtu from US$25.85 the week before, according to a media report. It was the second weekly fall. Demand was thin outside Southeast Asia, and China stayed out of the market.
The driver was supply. More Qatari cargoes crossed the Strait of Hormuz, and September exits were the highest since the war began. Northwest Europe was assessed near US$23.7–23.9, and freight stayed expensive at US$31,500 a day in the Atlantic and US$38,250 in the Pacific.
👉 Read the full story: https://www.indoen.com/news/indias-cheapest-lng-is-the-cargo-that-has-not-arrived-as-qatar-extends-force-majeure