Japan's Tohoku Electric buys May LNG cargo in tender
3/8/2017
(Reuters) -- Japanese utility Tohoku Electric is estimated to have paid $5.65-$5.80 per MMbtu for a LNG cargo due in May following a tender, trade sources said.
Peer Kansai Electric paid $6.10 per MMbtu for an April shipment, reflecting a market structure known as backwardation where contracts further forward are sold at a discount to the prompt market.
Reporting by Oleg Vukmanovic in Milan; editing by Jason Neely
Sign up to Receive Our Newsletter
- ADNOC Gas awards $2.1 B in contracts to enhance LNG supply infrastructure
- U.S. Department of the Treasury releases final rules for clean hydrogen production tax credit
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
- Nicor Gas celebrates its first renewable natural gas interconnection
- EnviTec Biogas looks to expand biogas production into the U.S.
Comments