Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.
Asian LNG spot prices have dropped below US$5 per million Btu to a four-month low as buyers hold off ahead of the Lunar New Year holidays.
According to Reuters, a number of Indian companies are seeking LNG cargoes for delivery in February on the spot market.
By the end of 2019 Gunvor will have delivered 45% more LNG than it did in 2018, maintaining a hold on its ‘largest independent LNG trader’ status.