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/
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