--DES Northeast Asia
The DES Northeast Asia market weakened last week. Prices for first-half February, mainly discussed, were $5.25-5.55. While demand was thin from Japan, South Korea and China, spot availability was ample. Northeast Asian end-users refrained from buying spot cargoes partly because the market was expected to fall in the days ahead and partly because their inventories were relatively high. Especially demand from Chinese players disappeared. PetroChina and China National Offshore Oil Corp (CNOOC) moved to resell long-term cargoes as Russian gas flow through the "Power of Siberia" pipeline started in December amid economic slowdown caused by the US-China trade friction.

--FOB Atlantic, DES Europe and South America
With respect to a sell tender Angola LNG closed on Dec 17 for a cargo from the 5.20 mil mt/year Angola project to be delivered in early January to end-February, a trader was said to have won it for delivery to India. The Angola project constantly shipped five to six cargoes per month this year. Angola LNG was supplying two to four cargoes per month via short-term contracts with European trader Glencore and Vitol and selling the remaining one to three cargoes on a spot basis through tenders.

--FOB Middle East, DES South Asia and the Middle East
State-owned Pakistan LNG (PLL)'s buy tender closed on Dec 17 for a cargo to be delivered Feb 16-17 was said to have received offers from European traders Gunvor and Trafigura, Azerbaijan state-owned SOCAR and PetroChina. PetroChina showed the lowest offer at 8.5940% of Brent crude prices.