Latest Breaking News On - Japanese crude cocktail - Page 2 : comparemela.com
Rich to lean , four price changes - the story of India s largest gas import deal
dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Are We Entering the Golden Age of Gas?
thebull.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebull.com.au Daily Mail and Mail on Sunday newspapers.
INDIA’S next Budget would be presented in the background of a global slowdown, sustained inflationary pressures in Europe and the US, interest rates that stay high to combat inflation, corking the earlier gush of capital to emerging markets, and a still-hesitant domestic recovery. This, apart
Advertisement
PETRONAS LNG Ltd (PLL) introduced the Canada Alberta Energy Company (AECO) index as a new LNG price indexation to its customers following the sale of a spot LNG cargo from Bintulu, Malaysia, to a buyer in Far East for August 2021 delivery.
AECO is a leading price benchmark for natural gas in Canada, similar to the US’ Henry Hub, which is the natural gas price benchmark used as indexation to LNG price. It is transparent as the index is traded in real-time, with high liquidity backed by large gas reserves.
The introduction of AECO is part of PETRONAS’ plan to include additional pricing option for its customers, allowing them to enjoy its associated benefits. With AECO, LNG buyer has the flexibility to further diversify its price exposures from established key price indices such as Japanese Crude Cocktail (JCC), Brent, Japan Korea Marker (JKM), US Henry Hub and UK National Balancing Point (NBP).
2 Min Read
SINGAPORE, May 7 (Reuters) - Malaysia’s state-owned Petroliam Nasional Bhd said on Friday it had signed its first liquefied natural gas (LNG) deal using a Canadian pricing indexation as basis.
Petronas LNG sold a spot LNG cargo to a buyer in the Far East for August delivery using the Canada Alberta Energy Company (AECO) index, the company said.
AECO is a Canadian natural gas price benchmark, similar to the Henry Hub index in the United States, but is not typically used as a pricing basis for LNG spot contracts. In Asia, the S&P Global Platts’ Japan-Korea-Marker (JKM) has been increasingly used as pricing basis in spot contracts.
vimarsana © 2020. All Rights Reserved.