Asian LNG prices fall to more than 10 year low
Published by Will Owen,
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
Crown LNG selects IKM Consulting Ltd as engineering design partner for Grangemouth LNG project
Crown LNG Holdings Ltd has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of its planned 100% owned floating LNG import terminal in the Firth of Forth, Scotland.