Asian LNG spot prices slip as cargoes flood market
Published by Will Owen,
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/
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.