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 sellers, such as Osaka Gas, are seeking alternative markets as the global LNG market hits multi-year lows.
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.
A steel cutting ceremony has been held for UECC’s first battery hybrid LNG powered pure car truck carrier.
According to Reuters, data from Refinitiv Eikon shows that China imported a record high monthly volume of LNG in December 2019, overtaking Japan as the world’s top LNG importer for the second month in a row.