Skip to main content

Asian LNG spot prices brought down by lower oil prices

Published by
LNG Industry,


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

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

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


 

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