LNG: ARGUS Northeast Asia des (ANEA) price assessment

LNG: ARGUS Northeast Asia des (ANEA) price assessment

The ARGUS Northeast Asia des (ANEA) LNG price assessment

The ANEA price is a daily physical spot price assessment for LNG cargoes delivered ex-ship (des) to ports in Japan, South Korea, Taiwan and China. The assessment is of prices for deliveries across four half-month windows that start 2-5 half months forward from the date of assessment.

The ANEA price assessment is used as a reference for spot LNG trading and represents market activity in the major LNG demand centre of northeast Asia. The region accounts for the majority of LNG demand globally.

Argus also assesses a forward price for the ANEA assessment. This is for physically delivered LNG for six forward months and four forward quarters.


Advantages of the ANEA price assessment

The ANEA price is a robust and reliable assessment that accurately represents the market, thanks to fair value indications, bids and offers from a broad spectrum of market participants including producers, consumers, portfolio suppliers, traders and brokers across Asia-Pacific.

The ANEA assessment takes into account all relevant trades and price information over the course of the Asian day, up until 4:30pm Singapore time.

Argus reporters glean insights from across the market to produce a daily market commentary in the Argus LNG Daily report that provides analysis and brings context and clarity to price movements.


Users of the ANEA price assessment

The ANEA price assessment is used as a reference price by oil firms, trading companies, utilities and banks based in Asia. 


Price details

The ANEA price is denominated in US dollars per million Btu and represents cargoes based on a vessel size of 135,000-185,000m3.


Access to the ANEA price 

The ANEA price is published as part of the Argus LNG Daily service. You can access ANEA price assessments on the Argus Direct interactive platform, have the price delivered through a data feed or Argus Direct for Spreadsheets, receive it through one of our third-party partners or get it direct to your inbox within the daily report.

Argus LNG Daily 
Argus LNG Daily provides you with a comprehensive and independent view of the markets, offering the latest news, detailed analysis, price assessments and extensive associated pricing and fundamentals data. The insight from our cross-commodity analysis helps bring valuable context to prices and ensures users understand market movements.

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Related prices

Argus publishes a range of price assessments for all key LNG markets, including:

  • US Gulf coast: Argus Gulf coast fob 
  • Northwest Europe: Northwest Europe des
  • West Africa: Argus West Africa fob

As well as related gas markets, such as Australian domestic gas (Argus Victoria index (AVX) and Argus Wallumbilla index (AWX)). 

Argus also produces derived prices for such markets as:

  • Southeast Asia: ASEA des
  • Middle East: Middle East fob
  • Australia: Australia fob
  • East coast Australia: Australia fob Gladstone
  • Russia: Kamchatka fob, Murmansk fob
  • Latin America: Argentina des, Brazil des, Chile des, Mexico (Gulf) des and Mexico (Pacific) des

Argus publishes a range of LNG freight assessmentsThese include round voyage rates for the following routes:

  • Australia-northeast Asia (21 days round trip): ARV1  
  • US Gulf coast-northwest Europe (28 days round trip): ARV2
  • US Gulf coast-northeast Asia (51 days round trip): ARV3

Freight costs for common voyages based on daily spot LNG vessel chartering rates and accompanying shipping-related costs in $/mn Btu are also published.

For more information on Argus LNG price and freight assessments, please refer to the Argus LNG Daily methodology.

ANEA LNG

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