According to the latest Reuters report, Asian LNG spot prices have slipped in response to a surge in supply, which has flooded the market at a time when regional demand has remained stable.
Asian LNG spot prices for delivery in August are currently reported to be US$4.60 per million Btu, approximately 10 to 30 cents lower than the last reported levels.
Cargoes for delivery in July are currently estimated at approximately US$4.40 per million Btu.
According to sources, an influx of cargoes from large exporters – such as PNG LNG, Ichthys LNG, Nigeria LNG, Angola LNG and ADNOC – were responsible for the surge in supply.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21062019/asian-lng-spot-prices-slip-as-cargoes-flood-market/
