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

LNG Pool Fire Suppression

In this webinar, Owens Corning Technical Services Engineer, Alec Cusick, will discuss safety considerations and priorities during cryogenic liquid spills – including vaporisation of liquid hydrocarbons, radiant heat during fires, and thermal shock to concrete and steel.

 
 

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.