Pages

Thursday, July 12, 2012

Argus Launches Fob West Africa LNG Price


11 Jul 2012 17:54 Africa/Lagos

Argus launches fob west Africa LNG price

LONDON, July 11, 2012 /PRNewswire/ -- Leading energy and commodities price reporting organisation Argus has launched the LNG industry's first west Africa fob (free-on-board) spot price assessment, called the AWAF price. Spot LNG volumes in west Africa are increasing and will soon be augmented by exports from Angola's new LNG facility, which should enable a further expansion of the region's spot market.

The new Argus west Africa fob (AWAF) price assessment is designed to capture LNG trade at export facilities in Angola, Equatorial Guinea and Nigeria. The assessment windows cover cargoes for loading within two forward half-month periods, taking into account loadings for the second and third full half-month periods from the date of assessment.

Argus' west African market coverage complements the Argus LNG Daily report's existing suite of Asia-Pacific and European spot price assessments, market commentary and global netback pricing.

"LNG trade is expected to grow in the coming years, as an influx of newly built LNG carriers will increase shipping flexibility, enabling more companies to buy cargoes on a fob basis," Argus Media chairman and chief executive Adrian Binks said. "The launch of the AWAF price assessment in the Argus LNG Daily report marks a new chapter for the LNG industry, as Argus becomes the first price reporting organisation to assess trades at loading ports in west Africa."

The Argus LNG Daily report provides spot price assessments for Asia-Pacific, the Middle East and Europe, information about shipping movements, market-moving news and analysis. The report has been carefully designed to provide global LNG market participants with the critical insights and key LNG statistics and data needed to stay ahead of market developments, as well as to help shape commercial strategies.

For further information:

Seana Lanigan
info@argusmedia.com
+44 20 7780 4200

About Argus:
Argus Media is a leading provider of price assessments, business intelligence, market data, consultancy and conferences on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. Argus energy and fertilizer prices are widely used by leading companies, governments and international agencies as benchmarks in supply contracts, risk management and planning.

Argus is headquartered in London and has more than 400 staff in offices in Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai, Moscow, Astana, Kiev, Porto, Brussels, Johannesburg and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.

SOURCE Argus Media

Web Site: http://www.argusmedia.com

Top Reports

Releases displayed in Africa/Lagos time
12 Jul 2012
10:13 Christian and Muslim alliance commits to help solving tensions in Nigeria
07:31 Sweden / New ambassador to Nigeria
07:26 REMINDER: Media Invitation / African Women Economic Summit 2012/ Online Press Conference / African Development Bank and New faces New Voices Invite you to an Online Press Conference
11 Jul 2012
20:32 Air Products Celebrates Manufacturing of 100th LNG Heat Exchanger
17:54 Argus launches fob west Africa LNG price
16:30 Innovative Partnership to Deliver Convenient Contraceptives to up to Three Million Women
14:02 CORRECTION: Media Invitation: African Women Economic Summit 2012/ Online Press Conference / African Development Bank and New faces New Voices Invite you to an Online Press Conference
12:55 "The White House Games" Advances Vision of a Technology-Driven Political Future for America
12:50 Bristow Group Announces Long Term Contracts For Twenty Large Helicopters
12:26 Media Invitation: African Women Economic Summit 2012/ Online Press Conference / African Development Bank and New faces New Voices Invite you to an Online Press Conference
10 Jul 2012
19:07 Johnny Rockets Announces New International Division; Secures Restaurants in 23 Countries by 2013 
15:58 United Announces New International And Domestic Routes From Hub Cities
10:16 2ND MEETING OF THE REGIONAL CONTACT GROUP ON MALI / OUAGADOUGOU, BURKINA-FASO, 7 JULY 2012
10:05 2EME REUNION DU GROUPE DE CONTACT SUR LE MALI / OUAGADOUGOU, BURKINA FASO, LE 7 JUILLET 2012
09:24 APO and African Development Bank Sign New Contract for the Promotion of the 2012 African Women Economic Summit
9 Jul 2012
23:37 Securing Restaurants In 23 Countries By 2013, Johnny Rockets Announces New International Division 
16:11 United Fights Heart Disease and Honors Social Justice Activists
14:00 NigComSat Deploys iDirect Service To Meet Growing Demand For Broadband Internet Access Across Nigeria And West Africa 
11:06 Nigeria: Violence against Christians - Never keep quiet on barbarism, asserts Terzi
06:38 African Women Economic Summit (AWES) will be held in Lagos, Nigeria, 12-14 July 2012 / Media conference on July 14th at 10h30 at the Federal Palace Hotel






No comments:

Post a Comment