Yemen News Agency (SABA)
Home      Revolution Leader   About President   Local   International   US-Saudi Aggression   Economy   Reports   development and community initiatives  
فارسي | Español | Deutsch | Français | عـربي | RSS Feed
Search | Advance Search
Discussing workflow and job discipline at Yemen Red Sea Ports Corporation
[17 April 2024]
Discussing coordination between Transport Ministry , Standards & Metrology Authority
[17 April 2024]
Al-Aqsa Support Committee calls on Yemenis masses to demonstrate in major demonstration next Friday
[17 April 2024]
Checking job discipline level in Oil & Minerals Ministry
[17 April 2024]
Reviewing General Administration of Purchases & Warehouses performance in Hodeida Port
[17 April 2024]
Al-Rishq says Zionist deterrence equation based on bullying in our region has ended
[18 April 2024]
Hamas calls for global movement in victory for Palestinian prisoners
[18 April 2024]
Jabareen says resistance offers reasonable approaches, Netanyahu crisis is reason for faltering of deal
[18 April 2024]
Business Insider says Americans are losing confidence in their military, government institutions
[18 April 2024]
Occupation arrests over 5,000 Palestinians from Gaza since onslaught on Gaza
[18 April 2024]
Yemen's pro-Palestine position is at forefront of Free participants discussion in Palestine Conference in capital, Sana'a
[17 April 2024]
Eid visits to fronts embody popular alignment with army to defend nation
[17 April 2024]
Collapse of Western legal & moral system. Germany as a model
[17 April 2024]
Yemen's entry into battle was a big pressure factor on Zionist enemy that made him recalculate
[16 April 2024]
"True Promise" Operation. First direct Iranian attack on Zionist enemy entity
[15 April 2024]
  US-Saudi Aggression
American-British aggression launch three raids on Hajjah
[15 March 2024]
American-British aggression launch 12 raids on Hodeida
[11 March 2024]
American-British aggression hits farm in Hodeida
[20 February 2024]
Four citizens injured by explosion of leftover military ordnance in Marib
[19 February 2024]
9 raids of US-British aggression on governorates of Sana'a and Hajjah
[04 February 2024]
Asia's purchases of liquefied natural gas from spot market risen
Asia's purchases of liquefied natural gas from spot market risen
Asia's purchases of liquefied natural gas from spot market risen

SINGAPORE March 21. 2024 (Saba) - Purchases of liquefied natural gas from China, India and regions in Southeast Asia has risen in the spot market after prices fell to the lowest level in nearly three years.

Media reports, citing analysts, said on Thursday that the recovery in demand supported by favorable prices may push China’s imports (the world’s largest buyer of liquefied natural gas) beyond the record level of 78.8 million tons recorded in 2021, and will also increase India’s imports by about ten percent this year, which will lead to a shortage in global supplies and ultimately raise prices.

According to S&P Global Commodity data, spot imports of liquefied natural gas by Asian buyers rose by about a third in the first quarter of the year to 161 shipments.

Spot prices for Asia are estimated to average $9.82 per million British thermal units for this period, compared to 125 cargoes in the same period in 2023 when prices averaged $18.75 per million British thermal units.

Global gas markets are witnessing greater supplies after weaker than expected demand due to milder winter weather and rising inventories in the United States, Europe and Japan.

Asian LNG prices reached $8.30 per million British thermal units earlier this month, their lowest levels since April 2021, before recording a slight rise to $8.60 per million British thermal units due to buying from the spot market.

Increased LNG imports in China and India are not expected to lead to a significant decline in coal demand, as overall energy demand continues to grow and both countries continue to prioritize domestically produced fuels including coal.

resource : Saba


  more of (Economy)
UPDATED ON :Thu, 18 Apr 2024 01:32:49 +0300