Asian LNG spot prices brought down by lower oil prices
Published by Will Owen,
According to Reuters, Asian LNG spot prices have experienced a 10% slide this week to a more than three month low. A decline in oil prices to 2018 lows has been sighted as the primary cause of this development.
LNG spot prices for January deliveries to North Asia were last estimated to be approximately US$10 per million Btu. This is 90 cents lower than estimates for the last few weeks.
Experts have noted that temperatures in Asia’s major cities will be higher than usual in the coming weeks, therefore prices are unlikely to see a demand driven increase in the immediate future.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23112018/asian-lng-spot-prices-brought-down-by-lower-oil-prices/
You might also like
ABS approve latest LNG containment system from LNT Marine and SDARI
LNT Marine and Shanghai Merchant Ship Design and Research Institute have received approval in principle from ABS for the latest variant of their LNT A-BOX LNG containment system.