Skip to main content
  1. Home
  2. LNG
  3. 21 Jun 19
  4. Asian LNG spot prices slip as cargoes flood market

Asian LNG spot prices slip as cargoes flood market

Published by , Editor
LNG Industry,

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

 
 

Embed article link: (copy the HTML code below):

 

LNG Industry is not responsible for the content of external internet sites.