Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • IMO Secretary General Visits Nigeria, Dazed By Facilities

      Oct 2, 2025
      0
    • Nigeria's Blue Economy Minister Bemoans Maritime Financing Deficit

      Sep 27, 2025
      0
    • NIMASA Calls For Urgent Action To Reduce Maritime Funding Gaps

      Sep 27, 2025
      0
    • WMD 2025: "We Are Beneficiaries of The Oceans"-Dantsoho

      Sep 27, 2025
      0
    • WMD 2025: "We Are Proud"

      Sep 26, 2025
      0
    • Nigerian Shippers Celebrate Seafarers, Commits to Efficient Regulation

      Sep 26, 2025
      0
    • "Nigerian Ports Automated, Globally Competitive and Ready"-Dantsoho

      Sep 24, 2025
      0
    • Nigeria Joins Maritime Nations For World Maritime Day

      Sep 23, 2025
      0
    • Revenue/Trade: Oshoba Reconnects The Pipes, Link Cables

      Sep 23, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • IMO Secretary General Visits Nigeria, Dazed By Facilities

  • Nigeria’s Blue Economy Minister Bemoans Maritime Financing Deficit

  • NIMASA Calls For Urgent Action To Reduce Maritime Funding Gaps

  • WMD 2025: “We Are Beneficiaries of The Oceans”-Dantsoho

  • WMD 2025: “We Are Proud”

Maritime InfoNews
Home›Maritime Info›Over Supply: Japan to Sell off Excess Volumes

Over Supply: Japan to Sell off Excess Volumes

By Editor
Jan 28, 2017
1443
0
Share:

LNG vbvbv

Asian spot LNG prices extended losses this week as oversupplied Japanese utilities sought to offload cargoes and as key European gas benchmarks softened.

Asian prices for LNG delivery in March fell 25 cents to about $7.75 per million British thermal units (mmBtu), traders said, ranging from $8/mmBtu to about $7.60/mmBtu.
Prices tailed off even more sharply into April, currently trading at around the $7/mmBtu mark, they said.
One trader said utilities in Japan “have overbought due to warmer than average temperatures at the end of 2016 and the current cold spell doesn’t look like it will last,” leaving them stuck with larger inventories.
“This will put massive pressure on the market as I don’t think the demand is there for March,” to absorb the excess supply, the trader said.
Kansai Electric, Osaka Gas (OSGSF) and LNG importing giant JERA are expected to unload at least one cargo apiece for March delivery, he said, though it was unclear if Kansai was trying to arrange a time-swap as opposed to a straightforward sale.
A second trader said JERA was already marketing two shipments from Indonesia’s Donggi-Senoro LNG export facility and that it has likely sold one of those cargoes.
Further weighing on Asia’s March LNG contract was an 8 percent slide in Europe’s equivalent benchmark, at Britain’s National Balancing Point trading hub, which settled at $6.40 per mmBtu on Friday.
China’s Sinopec put up for tender several cargoes for February and March delivery from Australia’s AP LNG project, where it is a stakeholder with long-term supply rights.
Exxon Mobil’s Papua New Guinea (PNG) export plant sold off one cargo for March and one for April loading, via a tender process, at a price above $8/mmBtu, traders said.
“I think PNG went above 8 – but – they are big and rich and several people still have a lot of in-the-money contracts in the Far East where you would pay a big premium to take in a cargo of that quality,” one said.
Thailand’s PTT was seeking a March shipment via tender. Angola, which has launched a fresh sale tender, this week sold a cargo to Spain’s Union Fenosa at a price-tag above $9/mmBtu. The status of Gail India’s buy tender, which closed on Jan. 24, could not be immediately verified.
Attracted by an upsurge in gas prices in France and Spain, U.S. exporters are shifting their focus away from Asia as problems with Algerian gas supply have driven southern Europe’s gas prices higher.
Algeria’s Skikda LNG facility will fully resume at the end of the month after a maintenance, but state energy firm Sonatrach has fulfilled its gas delivery commitments, the Sonatrach CEO said on Thursday.
Argentina state-run energy firm Enarsa has launched a tender, which closes on Feb. 7, seeking 16 LNG cargoes for delivery between April and August.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

FG Hands Over Politician’s Choppers to NAF, ...

Next Article

Suleja Fire: NNPC Assures Fuel Supply…By Perpetual ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    PPP: ICRC Commend NPA

    May 22, 2017
    By Editor
  • Customs OperationsNews

    Webb Fontaine Restates Support to FG

    Jun 24, 2024
    By Editor
  • News

    Safe Inland Ferry Services: “A Boost For Blue Economy Potentials”-Adalikwu

    Jul 22, 2024
    By Editor
  • News

    Women To Unearth Root Causes Of Gender Imbalance In Nigeria

    Mar 23, 2022
    By Editor
  • FactFeaturedNews

    FG Bans Importation of Vehicles Through the Land Borders

    Dec 5, 2016
    By Editor
  • FeaturedMaritime InfoNews

    PMB Demonstrates Political Will to Combat Maritime Criminalities

    Oct 8, 2019
    By Editor

Leave a Reply Cancel reply

  • FeaturedNews

    NIMASA Sends 200 Abroad On Seafaring Skills

  • News

    “We Are Deploying Technology Not Concessioning Our Operations”-NIMASA

  • Maritime InfoNews

    FG Releases N60b for Rice Subsidy

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

IMO Secretary General Visits Nigeria, Dazed By Facilities

As Academy Rector, Cadets Engage With Arsenio Dominguez The Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Domínguez, who is on a working visit to Nigeria,  has lauded the ...
  • Nigeria’s Blue Economy Minister Bemoans Maritime Financing Deficit

    By Editor
    Sep 27, 2025
  • NIMASA Calls For Urgent Action To Reduce Maritime Funding Gaps

    By Editor
    Sep 27, 2025
  • WMD 2025: “We Are Beneficiaries of The Oceans”-Dantsoho

    By Editor
    Sep 27, 2025
  • WMD 2025: “We Are Proud”

    By Editor
    Sep 26, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved