ICIS East Asia Index (EAX) Reaches Record High
LONDON, February 19, 2013
LONDON, February 19, 2013 /PRNewswire/ --
The ICIS East Asia Index (EAX) March contract for physical LNG closed at
$21.413/MMBtu on Friday, 15 February, marking the highest Asian spot LNG
assessment recorded by ICIS.
ICIS LNG Analyst Simon Ellis said: "The near-term cause for the price rise has
been competition from South America, as Brazil has purchased unprecedented
levels of spot LNG to offset the fall in hydroelectric generation caused by a
"The tight market conditions have been exacerbated by unscheduled production
problems at LNG plants, as well as the recommitment of spot LNG volumes to
mid- and long-term contracts," Ellis added.
ICIS' March South America Index (SAX) reached a record $18.447/MMBtu on 15
February. A detailed account of price development over the month can be found
The ICIS DES (delivered ex-ship) Japan assessment was also assessed at a
record high of $21.50/MMBtu on 15 February. Prior to 2013, the ICIS DES Japan
assessment was last quoted at more than $20.00/MMBtu on 5 September 2008. ICIS
Heren became the first price reporting agency to assess East Asian spot LNG
prices in March 2008.
ICIS is the world leader in providing transparency for physical LNG trade. It
publishes five regional indices and 21 country-specific assessments for spot
LNG delivered into the world's major LNG import terminals. It also publishes
FOB assessments for all major producing regions and FOB reload assessments.
The EAX is an index for the DES price intoJapan,South
Korea,ChinaandTaiwan. The prices for the four countries are also assessed
separately. The price series has been published daily sinceJune 2010.
Relevant bids, offers and deals are also published.
The SAX is an index for the DES price into Argentina, Brazil and Chile. The
price series has been published daily sinceJune 2010.
ICIS has been providing LNG spot market information to the global industry
since 2005 and was the first publisher to assess LNG spot prices, when Heren
Energy launched weekly Asian assessments in 2007. ICIS assessments and indices
have been the most widely used price benchmarks inEuropesince gas and power
markets started to trade in the 1990s. Our specialist LNG coverage goes
further than any other in bringing transparency to the still growing LNG
markets. Our LNG reports are tightly focused on LNG spot trade, providing
readers with daily assessments and indices for all of the world's major LNG
delivery and reload locations, bid/offer and deal information, shipping
information and online news.
ICIS is also the world's largest petrochemical market information provider,
with over 600 employees across 12 global locations. It is a division of Reed
Business Information, owned by global publishing house Reed Elsevier PLC. The
ICIS business is built on providing companies in global commodities markets
with trusted pricing data and high-value news and analysis, enabling them to
make better-informed trading and planning decisions.
For further details and comments please contact:Karin Hausmann Marketing
To find out more about ICIS LNG market coverage, visit our website.
Press spacebar to pause and continue. Press esc to stop.