September 22, 2017, 4:16 pm
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1 Philippine Peso = 0.07205 UAE Dirham
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1 Philippine Peso = 0.03473 Neth Antilles Guilder
1 Philippine Peso = 0.33883 Argentine Peso
1 Philippine Peso = 0.02472 Australian Dollar
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1 Philippine Peso = 0.01644 Euro
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1 Philippine Peso = 0.01447 British Pound
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1 Philippine Peso = 0.87895 Gambian Dalasi
1 Philippine Peso = 174.63213 Guinea Franc
1 Philippine Peso = 0.14311 Guatemala Quetzal
1 Philippine Peso = 3.97705 Guyana Dollar
1 Philippine Peso = 0.15314 Hong Kong Dollar
1 Philippine Peso = 0.45756 Honduras Lempira
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1 Philippine Peso = 1.27132 Indian Rupee
1 Philippine Peso = 22.89582 Iraqi Dinar
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1 Philippine Peso = 0.34501 Moldovan Leu
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1 Philippine Peso = 26.68236 Myanmar Kyat
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1 Philippine Peso = 0.01962 Panama Balboa
1 Philippine Peso = 0.06369 Peruvian Nuevo Sol
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1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.06494 Pakistani Rupee
1 Philippine Peso = 0.07028 Polish Zloty
1 Philippine Peso = 111.25171 Paraguayan Guarani
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1 Philippine Peso = 0.0755 Romanian New Leu
1 Philippine Peso = 1.13354 Russian Rouble
1 Philippine Peso = 16.2576 Rwanda Franc
1 Philippine Peso = 0.07357 Saudi Arabian Riyal
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1 Philippine Peso = 0.2669 Seychelles Rupee
1 Philippine Peso = 0.13067 Sudanese Pound
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1 Philippine Peso = 0.02649 Singapore Dollar
1 Philippine Peso = 0.01455 St Helena Pound
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1 Philippine Peso = 147.14538 Sierra Leone Leone
1 Philippine Peso = 10.928 Somali Shilling
1 Philippine Peso = 402.77613 Sao Tome Dobra
1 Philippine Peso = 0.17167 El Salvador Colon
1 Philippine Peso = 10.10359 Syrian Pound
1 Philippine Peso = 0.2598 Swaziland Lilageni
1 Philippine Peso = 0.64921 Thai Baht
1 Philippine Peso = 0.04791 Tunisian Dinar
1 Philippine Peso = 0.0432 Tongan paʻanga
1 Philippine Peso = 0.06876 Turkish Lira
1 Philippine Peso = 0.13239 Trinidad Tobago Dollar
1 Philippine Peso = 0.59217 Taiwan Dollar
1 Philippine Peso = 43.90818 Tanzanian Shilling
1 Philippine Peso = 0.51422 Ukraine Hryvnia
1 Philippine Peso = 70.57092 Ugandan Shilling
1 Philippine Peso = 0.01962 United States Dollar
1 Philippine Peso = 0.56582 Uruguayan New Peso
1 Philippine Peso = 158.34804 Uzbekistan Sum
1 Philippine Peso = 0.19569 Venezuelan Bolivar
1 Philippine Peso = 445.73278 Vietnam Dong
1 Philippine Peso = 2.0155 Vanuatu Vatu
1 Philippine Peso = 0.04907 Samoa Tala
1 Philippine Peso = 10.773 CFA Franc (BEAC)
1 Philippine Peso = 0.05297 East Caribbean Dollar
1 Philippine Peso = 10.75142 CFA Franc (BCEAO)
1 Philippine Peso = 1.95017 Pacific Franc
1 Philippine Peso = 4.90386 Yemen Riyal
1 Philippine Peso = 0.25991 South African Rand
1 Philippine Peso = 101.81479 Zambian Kwacha
1 Philippine Peso = 7.10025 Zimbabwe dollar

Global LNG contract falls

MILAN - Asian spot LNG prices fell again this week with Angola releasing more supply even as more Australian and U.S. production gears up at a time of already saturated markets.

Spot prices for May delivery slipped to around $5.65 per million British thermal units (mmBtu), 10 cents below last week’s levels. Sources said April prices continued to slide from last week’s $5.85 per mmBtu level, even straying into the $5.50 per mmBtu range.

Output from the third production line at Australia’s giant Gorgon plant is due to start this month, project operator Chevron said. Cheniere Energy’s third production line looks set for “substantial completion” by the end of this month, it said, with the first test cargo having already been shipped.

However, an industry source reported that production problems had resurfaced at Gorgon this week, although the issue has not yet translated into any obvious disruption to loadings. Chevron was not immediately available to comment.

It is possible Chevron may seek replacement supply in the spot market. Mexico’s state-run CFE released a tender to bring in cargoes in late March and early April. A tender by Thailand’s PTT, which closed this week, sought a cargo for delivery between April 27-May 3.

Thomson Reuters’ 45-day weather forecast for Tokyo - Japan is a top LNG importer - indicates milder-than-average temperatures across nearly the whole period. However, Seoul and Beijing will be slightly below the average.

Two cargoes put up for tender by Angola LNG show the extent to which the project has hit its stride after various setbacks last year. This week it offered a March 16-18 loading cargo for delivery in April, in addition to a free-on-board (FOB) cargo for late April-early May, trade sources said.

Under FOB terms, a buyer must bring their own vessel to pick up the cargo.

“The FOB tender is only for those that will accept (Angola LNG’s) force majeure clause which basically means there is no guarantee that a cargo will be produced,” a trader said.

Last week’s purchase by Argentina of 20 LNG cargoes reflected a price with the slimmest premium to benchmark UK gas levels since 2009, one trader had said. Other sources pointed to the fact that state-run Enarsa choose from a mix of price indices.

For example, Shell, which walked away with the bulk of deliveries, submitted its bids based on Brent crude oil prices, a trader said.

Italy’s OLT LNG import terminal moored off the Tuscan coast on Friday downsized by three the number of import slots available to participants in its recent supply tender. 

“It just issued an updated schedule showing only two April and one May slots, from the respective three and four initially assigned,” a European trader said.

“So four out of 7 slots have been released,” he said. – Reuters 
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