Skip to main content

Asian LNG spot prices remain in decline

Published by
LNG Industry,


Reuters is reporting that Asian spot LNG prices have declined for a third week due to producers from Australia and Nigeria boosting spot supply, strong European LNG inventories, and Pakistan’s cancellation of a six-cargo tender.

Data shows that spot prices for August LNG-AS delivery fell in Asia to US$10.10 per million British thermal units (Btu); down 20 cents from the previous week.

Furthermore, prices continue to reverse from the 20% rally last month; driven by large concurrent global production outages and big-ticket tenders seeking more than 40 cargoes for July – September.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09072018/asian-lng-spot-prices-remain-in-decline/

 

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


 

This article has been tagged under the following:

LNG export news LNG import news


 

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