Skip to main content

Asian LNG spot prices now at 19 month low

Published by
LNG Industry,


According to the latest Reuters report, Asian LNG spot prices have continued to fall and have now reached a 19 month low.

LNG spot prices for the region with delivery dates in April are currently estimated at US$6.00 per million Btu. This price is 20 cents lower than previous weeks and currently the lowest level recorded since August 2017 when prices dropped as low as US$5.90 per million Btu.

Experts are pointing to continued slow demand from China as a significant factor influencing these falling prices. It has also been reported that additional export capacity has recently come back online, adding more supply to the already stagnant market. One example being Chevron’s Gorgon LNG export facility’s train 3, which has recently been reactivated after an unplanned outage.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01032019/asian-lng-spot-prices-now-at-19-month-low/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):


 

LNG Industry is not responsible for the content of external internet sites.