Asian LNG prices hit new lows amid coronavirus epidemic

Published by Will Owen, Editor
LNG Industry, Monday, 17 February 2020 10:30

Reuters is reporting that declining Chinese LNG demand, due to the Coronavirus epidemic, has led to Asian spot prices falling to new lows.

The average LNG spot price for a cargo delivery in March has been reported as approximately US$2.70 per million Btu (25 cents less than the previous week). April delivery prices are not estimated to be much higher at this point, only in the range of US$2.80 per million Btu.

According to Reuters trading sources, China’s transport, commercial and industrial sectors have all been affected by the fast-spreading coronavirus outbreak.

Read the article online at: https://www.lngindustry.com/lng-shipping/17022020/asian-lng-prices-hit-new-lows-amid-coronavirus-epidemic/