LNG: Argentina issues third LNG tender of 2025: Platts

Jun-04 15:31

Argentina’s state-run LNG importer, Enarsa, issued a tender on June 3 for eight LNG cargoes, each ranging from 2.1- 2.7 TBtu, for delivery to the Escobar terminal, Platts said.

  • Deliveries are scheduled between July 12-Aug. 5 and the tender closes June 10.
  • This is likely Enarsa’s final tender for the Southern Hemisphere winter unless colder-than-average August temperatures are forecast.
  • Earlier in 2024, Enarsa awarded two tenders to BP for a total of 14 cargoes at average prices of $13.666/MMBtu and $11.477/MMBtu.
  • Three of these have already arrived, with additional shipments expected in early June. Some cargoes originally scheduled for May were postponed due to reduced demand caused by warmer weather, Platts added.
  • One spot cargo from Petrobras was also imported in May amid unexpected demand. 

Historical bullets

US STOCKS: Midday Equities Roundup: Dow Leading Gainers for the Moment

May-05 15:30
  • Stocks are trading mixed ahead Midday Monday, SPX eminis and Nasdaq weaker but off lows, while the DJIA is making modest gains. Currently, the DJIA trades up 26.44 points (0.06%) at 41345.01, S&P E-Minis down 22.75 points (-0.4%) at 5686.5, Nasdaq down 96.4 points (-0.5%) at 17881.92.
  • Energy, Information Technology and Consumer Discretionary sectors underperformed in the first half, oil and gas shares weighing on the former as crude prices continued to fall (WTI -1.61 at 56.68): APA Corp -3.89%, Occidental Petroleum -3.50%, ConocoPhillips -3.11%, Exxon Mobil -2.71%.
  • The tech sector weighed by ON Semiconductor -7.85%, First Solar -5.42% and Apple -3.17%. Meanwhile, Tesla -3.51%, Starbucks -2.60%, Amazon.com -1.18% and NIKE -1.14% weighed on the discretionary sector.
  • On the positive side, Industrials and Real Estate sectors led gainers early Monday: Delta Air Lines +3.10%, United Airlines Holdings +2.25%, Uber Technologies +2.12% and Generac Holdings +2.08%.
  • Investment trusts buoyed the Real Estate sector: Iron Mountain +1.33%, Digital Realty Trust +1.14% and Equinix +1.04%.
  • Latest earnings after the close include: Neurocrine Biosciences, Ford Motor, Mattel Inc, Clorox, Diamondback Energy, Coterra Energy, Vertex Pharmaceuticals, Celanese, Williams Cos, Realty Income, Hims & Hers Health and Palantir Technologies .

OPTIONS: Larger FX Option Pipeline

May-05 15:29
  • EUR/USD: May08 $1.1200(E2.5bln), $1.1250(E1.5bln), $1.1390-00(E3.0bln), $1.1410-20(E1.2bln); May09 $1.1300(E1.3bln)
  • USD/JPY: May07 Y145.50-55($1.1bln), Y145.85-00($1.6bln); May08 Y143.00($1.4bln), Y145.00($1.3bln); May09 Y145.00($1.8bln)
  • USD/CAD: May09 C$1.3750($1.2bln)
  • USD/CNY: May08 Cny7.4500($1.5bln)

MNI EXCLUSIVE: MNI Interviews Ex-BOC Advider on Monetary Policy

May-05 15:28
  • MNI interviews ex-BOC and Finance Dept. adviser on monetary policy, trade war -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com