--DES Northeast Asia

Spot discussions among end-users remained dull due to a persistent perception of an overbought market. In China, along with weak demand, it was difficult for many players to buy spot cargoes unless prices dipped to below $10.50. "In particular, power generators firstly use affordable Central Asian and Russian pipeline gas, which is traded at and below $9.00," a Chinese end-user said. As for the Chinese domestic LNG lorry market, the prices hovered at around Yuan 5,000. Unless the market rises due to the strong air conditioning demand in summer, it is difficult for the end-users to consider LNG as an option to buy.

--FOB Middle East, DES South Asia and the Middle East

Spot cargoes from the Middle East were available in the market. State-run Oman LNG issued a new sell tender on a DES basis. Through the tender, Oman LNG planned to sell two cargoes to be delivered in Asia on Jul 30-Aug 4 and Aug 9-14. The closing date of the tender was not disclosed.

--FOB Atlantic, DES Europe and South America

Fresh spot demand came out for delivery to South America. Argentina's state-run IEASA on Jun 10 would close a tender on a DES basis to buy 7 cargoes for July delivery and one cargo for August delivery.