Asian LNG spot prices hit three-week low
Published by Will Owen,
Editor
LNG Industry,
According to the latest Reuters report, Asian LNG spot prices have fallen to a three-week low.
As it stands, new LNG cargoes continue to be offered in a market where little buying interest exists currently. This is despite the approach of Summer, during which there is usually a spike in demand for power generation.
Spot market prices for delivery to Asia in July are now down to US$5.35 per million Btu, having experienced a 30 cent decline from the previous week’s estimates. Deliveries for June are also reportedly down 30 cents, and now stand at US$5.30 per million Btu.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17052019/asian-lng-spot-prices-hit-three-week-low/
You might also like
Commonwealth LNG announces new management appointments
Commonwealth LNG has bolstered its management ranks with the addition of George Nemeth as Chief Commercial Officer, and Dan Fleischer as Senior Vice President, Finance.