--DES Northeast Asia
The DES Northeast Asia market was falling toward mid-November. Prices for first-half January delivery were $5.75-6.05. Demand was not weak as not only Taiwan's CPC but also independent companies in South Korea and China were considering to buy spot cargoes. However, no tightness was seen in supply/demand fundamentals as ample cargoes were available on a DES Northeast Asia basis including one from the 8.40mil mt/year Ichthys project in Australia. Under such circumstance, some portfolio players revised down offers for sales of cargoes.

--FOB Atlantic, DES Europe and South America
Turkey's state-run Botas extended the closing date of its latest tender from Dec 9 to Dec 15. Botas would like to receive more offers by extending the closing date. Botas intended to buy 10 cargoes for 2020-2021, 20 cargoes for 2021-2022 and 40 cargoes for 2022-2023. Qatargas, which was selling 1.50 mil mt/year to Botas via a three-year contract from October 2017, was said to win the tender.

--FOB Middle East, DES South Asia and the Middle East
DES South Asia prices plummeted. Prices for second-half December delivery dropped to $4.70-5.00. Demand emerged but the market showed downward trend. Reliance Industries (RIL) bought a second-half December delivery cargo in the mid-$4's. Demand from South Asia including India was higher other areas. End-users such as Indian Oil Co (IOC) often buy LNG if the prices are lower than other fuels such as Naphtha and gas oil. These companies sometimes do not award buy tenders they had issued.