A roundup of news and commentary from NGI’s LNG Insight

  • Trafigura Group Pte. Ltd. has reportedly bid $26.15/MMbtu for an early February LNG cargo delivery to South Korea. The trading firm has reportedly bought cargoes on the Asian spot market at $21.70 and $20.80 in recent days for February delivery, shattering previous Japan Korea Marker (JKM) records. 
  • The JKM February futures contract, which expires next week, has gone from $12.795 to $15.550 over the last five days amid a severe cold snap in China, Japan and South Korea. Average JKM spot prices hit $20.705 on Thursday, the highest since assessments started in 2009.
  • LNG tanker Symphonic Breeze is docked at the Royal Dutch Shell plc floating liquefied natural gas (FLNG) vessel Prelude, according to ClipperData. The firm also...