--DES Northeast Asia
The DES Northeast Asia market softened. There was strong sense of supply glut as sell tenders were carried out one after another and several players were marketing cargoes through individual negotiations. Sakhalin Energy closed a sell tender on Feb 19 for a Mar 27 loading cargo. Also, the company closed another sell tender on Feb 21 for a Mar 30 loading cargo. On the back of good production, Sakhalin Energy closed another sell tender on Feb 12 for a Mar 16 loading cargo. On the other hand, several players were marketing mainly March delivery cargoes to Northeast Asian end-users through individual negotiation. But many end-users had high inventories and did not hold discussions.

--FOB Middle East, DES South Asia and the Middle East
In South Asia, demand from India remained strong. Since the market dropped to a record-low level, many players such as Indian Oil Corp Ltd (IOC) and Gujarat State Petroleum Corp Ltd (GSPC), which found the market low, moved to buy cargoes through tenders. In India, the 5.18 mil mt/year Mundra terminal came online, which increased demand from India as well. GSPC closed a buy tender on Feb 19 for five cargoes for delivery in April through January 2021. Meanwhile, for a buy tender GSPC closed on Feb 17 for a total of nine cargoes for delivery in February to April, different kinds of information were heard. While the company was said to have awarded no cargoes, some market sources perceived that GSPC secured several cargoes.

--FOB Atlantic, DES Europe and South America
Turkey's Botas closed a buy tender for three March delivery cargoes. Some cargoes were said to have been awarded at a discount of about 40cts to the Netherland's TTF natural gas market. Meanwhile, India's state-run GAIL closed a sell tender for three ex-Cove Point cargoes to be loaded on Mar 20 through May 27.