Skip to main content
  1. Home
  2. LNG
  3. 27 Jan 20
  4. Asian LNG prices fall to more than 10 year low

Asian LNG prices fall to more than 10 year low

Published by , Editor
LNG Industry,

According to Reuters, Asian LNG spot prices have dropped to their lowest level in more than 10 years.

The cause of this decline has been due to a mild winter in both Asia and Europe. This warmer weather has meant that demand has been insufficient to consume abundant supply inventories.

The average price for an Asian LNG spot cargo, with a delivery date in March, has been reported as approximately US$4.00 per million Btu (down US$0.60 per million Btu).

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27012020/asian-lng-prices-fall-to-more-than-10-year-low/

You might also like

Woodside and PETRONAS eye long-term LNG supply

Woodside Energy and PETRONAS, through its subsidiary PETRONAS LNG Ltd, have signed a non-binding heads of agreement for the supply of 1 million tpy of LNG to Malaysia from 2028 for a period of 15 years.

 
 

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

 

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