Skip to main content

Asian spot LNG prices at eight month low

Published by
LNG Industry,


Reuters is reporting that Asian spot LNG prices are currently at an eight month low as mild winter weather persists.

Spot prices for February delivery have reportedly dropped to as low as US$8.50 per million Btu. Furthermore, March delivery prices are estimated to be even lower at US$8.30 per million Btu.

Average to above average temperatures are being highlighted as the primary cause of these prices declines. High inventory levels in China are also a contributing factor, as significant stockpiling took place ahead of time in anticipation of demand spikes which are yet to materialise.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11012019/asian-spot-lng-prices-at-eight-month-low/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 

Polyisocyanurate vs. cellular glass

Johns Mansville looks at the differences between polyisocyanurate (PIR) and cellular glass insulations and discusses which one is better for LNG pipe insulation applications.

 
 

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


 

This article has been tagged under the following:

LNG export news LNG import news China LNG news


 

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