LNG Journal -Asian LNG prices rise to $8.00

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Japan, China and Europe face crucial challenges over LNG       The key points regarding current LNG and natural gas trading include the emergence of flexible prices and market liquidity, with the downsides of falling demand in Europe and China and questions over market liberalization in Japan. Full Article

Ophir Energy agrees to sell part of Equatorial Guinea LNG project to US firm   Ophir Energy of the UK has signed an accord paving the way for the purchase by US energy services company Schlumberger of a 40 percent interest in the Fortuna floating LNG project offshore Equatorial Guinea. Full Article

Japan saved almost $20Bln on LNG in 2015 over oil as imports fall from record      Japanese annual liquefied natural gas imports fell 3.9 percent in 2015 and the nation saved almost $20 billion in costs because of the plunge in energy prices for the oil-linked, long-term LNG supply contracts.  Full Article

Singapore launches LNG derivative trading contracts in form of futures and swaps     Singapore Exchange (SGX) has launched new financial derivatives in the form of futures and swaps linked to its weekly index of spot prices for liquefied natural gas traded in the Asian market. Full Article

Golar to expand floating LNG projects with US energy services firm Schlumberger     Golar LNG, the developer of three floating LNG projects in Africa and other ventures elsewhere, has signed an agreement with Schlumberger of the US, one of the world's largest oil and gas field service providers, to co-operate on the global development of stranded reserves for liquefied natural gas. Full Article

PRICES Brent Crude (bbl) -  $32.56 LNG Journal European Spot (MMBtu) Indicator - $4.50 Henry Hub (MMBtu) - $2.21 NYMEX Gas (MMBtu) - $2.16 LNG Journal East Asian Delivered LNG Indicator - $8.00