|Bid||440.90 x 0|
|Ask||441.00 x 0|
|Day's Range||435.10 - 441.10|
|52 Week Range||300.75 - 457.45|
|PE Ratio (TTM)||22.15|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
LONDON/SINGAPORE, Sept 29 (Reuters) - Unexpectedly strong demand from China, along with rising oil and coal prices, should keep Asian liquefied natural gas (LNG) spot levels buoyant this winter. Despite rising supplies from new plants, spot prices (LNG-AS) have risen by 55 percent from their 2017 lows to $8.40 per million British thermal units (mmBtu) as Asian buyers also refilled summer stocks. With the peak demand October-March winter gas season almost underway, further price gains are expected.
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India might increase imports of liquefied natural gas (LNG) from the United States at the right price, the oil minister said on Monday, even though some buyers in the South Asian country are trying to get rid of costly U.S. supplies. India's state-run company GAIL Ltd signed a swap deal with trader Gunvor to sell some of its U.S. LNG as the firm tries to cut costs for price-sensitive customers after a sharp fall in Asian spot prices made its U.S. gas unattractive, according to sources. GAIL has contracted for most of the capacity from one of Sabine Pass' liquefaction trains in the U.S. Gulf Coast, with deliveries expected to start in late 2017.
State-run gas company GAIL (India) Ltd has signed a time-swap deal with Swiss trader Gunvor to sell some of its U.S. liquefied natural gas (LNG), sources said, as the Indian firm tries to ease the burden of its costly foreign LNG supplies. It is the first time-swap agreement by GAIL, which is trying to juggle its LNG portfolio to cut costs for price-sensitive Indian customers after a sharp fall in Asian spot prices made its U.S. gas unattractive.