Argus Launches FoB Trinidad LNG Prices

Argus Launches FoB Trinidad LNG Prices

Leading energy and commodities reporting organisation Argus has expanded its suite of global liquefied natural gas (LNG) prices to include the Americas with the launch of Trinidad and Tobago fob (free on board) price assessments.

The launch is in response to growing spot trade of LNG from Trinidad and Tobago to an ever increasing range of destinations.

The new fob price assessments are designed to capture LNG trade from Trinidad and Tobago. They cover cargoes loading in two forward half-month periods — the second and third full half-month periods from the date of assessment.

Argus’ Trinidad and Tobago market coverage complements the Argus LNG Daily report’s existing suite of Asia-Pacific, west African and European spot price assessments, market commentary and global netback pricing.

“Trinidad and Tobago is no longer just a supplier to its traditional term contract buyers such as the US and Spain,” Argus Media chairman and chief executive Adrian Binks said. “We have seen Trinidadian deliveries arriving in areas as diverse as northeast Asia, China, India, the Middle East, southern Europe, northwest Europe and South America over the last 18 months. Trinidad and Tobago fob prices will be a key tool in valuing the growing global LNG trading complex.”

The Argus LNG Daily report provides spot price assessments for Asia-Pacific, the Middle East, west Africa and Europe, information about shipping movements, market-related news and analysis.

The report has been carefully designed to provide global LNG market participants with the critical insights and key LNG statistics and data needed to stay ahead of market developments, as well as to help shape commercial strategies.

[mappress]
LNG World News Staff, October 16, 2012; Image: Argus