--DES Northeast Asia
DES Northeast Asia prices slightly declined. Prices for mainly discussed first-half August delivery were at $2.05-2.15, down about 10cts from early June. Spot supply was ample and supply/demand fundamentals loosened. In addition to Russia's Sakhalin, cargoes were seen from Indonesia and projects in Australia. Moreover, availability emerged from the 28.00 mil mt/year Bintulu project in Malaysia where supply had dropped due to production troubles. A Chinese independent energy company mentioned that in addition to August delivery, Malaysian state-owned Petronas was showing selling interest for two cargoes for late July delivery. Apart from this, selling interest was observed for six to seven cargoes including ones for August delivery. Perceptions of ample supply heightened again towards the end of June.

--FOB Middle East, DES South Asia and the Middle East
Cargo intake by Pakistan from March remained lower than the same period last year. With COVID-19 cases in the country rising, gas consumption apparently decreased. As gas production in Pakistan was seen to be normal, the drop in consumption resulted in falling LNG imports. State-owned Pakistan State Oil (PSO) and Pakistan LNG were procuring cargoes but were inactive in spot purchase. During the same period in 2019, cargoes from gas producing countries such as the US, Oman and Algeria were supplied but at present, almost all the cargoes were supplied from Qatar under term contracts.

--FOB Atlantic, DES Europe and South America
Chartering demand was seen for vessels to transport Angolan cargoes. Angola LNG would close an FOB sell tender on Thursday for one cargo loading from the Angola project in early July and for several cargoes loading August and October. For the July loading cargo, Pavilion Energy and PetroChina considered reselling to Europe and moved to charter a tanker. Angola LNG owns seven vessels including the 160,400cbm "Soyo" under its subsidiary Sonangol Shipping but as production at the Angola project was smooth, it could not sell all its surplus cargoes on DES basis and had been selling more cargoes an FOB basis recently.