Sumeet added that softer prices have encouraged some Indian buyers to increase purchases, as well as buying interest from Chinese importers.
This spot demand, however, is mostly limited to opportunistic price-sensitive demand, with northeast Asian utilities largely well stocked, said Martin Senior, Argus head of LNG pricing.
In Europe, SP Global Energy assessed its daily Northwest Europe LNG Marker (NWM) price benchmark for cargoes delivered in January on an ex-ship (DES) basis at $8.702/mmBtu on December 11, a $0.525/mmBtu discount to the price at the TTF hub. Argus assessed the price at $8.78/mmBtu, while Spark Commodities assessed it at $8.781/mmBtu.