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

  • A record nine U.S. LNG cargoes were delivered to India last month, according to Kpler. That’s up from the previous record of seven U.S. arrivals last November. India has returned to the spot market as a sharp spike in Covid-19 cases has eased. Through the first six months of the year, India imported 194 cargoes, down slightly from 199 during the same time last year, Kpler data showed. 
  • Spot buyers are demonstrating a willingness to pay higher rates for LNG amid a global supply crunch. Asia buyers in particular are paying about 16% more for spot cargoes compared to May, according to an analysis by Bloomberg New Energy Finance. Delivered third quarter spot prices to the region are about $11.86/MMBtu
  • The tight global gas market...