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Asia Pacific - Price trends

Natural gas analysis & forecasts February 2019

Although average LNG import prices have risen in Northeast Asia, declines are on the way.

The average price of Japan’s LNG imports was around $11/MMBtu in December, up by 37% year on year. Similar gains were seen in both South Korea and China, with the average import price for both countries also at around $11/MMBtu. However, GGA forecasts average Brent crude oil prices will fall to around $70 per barrel this year down from $71.5/bbl in 2018, which will feed through to oil-indexed contract prices in...