Tribune: Nigeria, Australia LNG tender results out soon

Nigeria and Australia spot Liquefied Natural Gas (LNG) tender results would be released this week, according to sources. Investigations showed that authorities have almost completed work on the tender which many stakeholders said is crucial to the industry.

Already, Reuters stated that the spot price LNG for February fell to about $9.90 per million British thermal units (mmBtu), down from around $10.10 the previous week.

The agency quoted an unnamed trader as stating, “There’s no end user demand at the moment.” It stated that the sliding oil prices were in focus as prices slumped again after two days of relative stability, hitting 5-3/4 year lows in search of a bottom to the market’s six-month-long rout.”
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