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Asian LNG prices hit new lows amid coronavirus epidemic

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LNG Industry,

Reuters is reporting that declining Chinese LNG demand, due to the Coronavirus epidemic, has led to Asian spot prices falling to new lows.

The average LNG spot price for a cargo delivery in March has been reported as approximately US$2.70 per million Btu (25 cents less than the previous week). April delivery prices are not estimated to be much higher at this point, only in the range of US$2.80 per million Btu.

According to Reuters trading sources, China’s transport, commercial and industrial sectors have all been affected by the fast-spreading coronavirus outbreak.

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