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Project Insights

Asian spot LNG prices hit 17-month low

Prices for spot cargoes closed at $6.0/MMBtu in Asia last week, their lowest level since October 2017 Prices for spot cargoes closed at $6.0/MMBtu in Asia last week, their lowest level since October 2017.
By Tang Tian 12 March 2019 Asia Pacific / LNG 0 34025

Spot LNG prices in Asia’s top four importers fell by 3.8% last week from the previous week. Prices ended last week at an average of $6.0/MMBtu, which was the lowest level since October 2017.

Chart showing Asian spot LNG prices

End-user prices for trucked LNG in 14 of China’s major consumption markets fell by an average of 3.77% last week from the previous week as a result of wholesale price cuts by LNG plants in northern, northwestern and southwestern China and at LNG...