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Project Insights

Asian spot LNG prices rise as summer peak approaches

The price of spot LNG in Asia was up by 1.28% in May as major buyers imported more of the fuel The price of spot LNG in Asia was up by 1.28% in May as major buyers imported more of the fuel
By Tang Tian 4 June 2019 Asia Pacific / LNG 0 34273
Chart showing average CIF price of spot LNG in Asia
Chart showing average CIF prices for spot LNG in April

Spot LNG prices in Japan, China, South Korea and Taiwan were up by an average of 1.28% in May compared with April as purchases increased in preparation for the summer peak power demand season.

Chart showing LNG imports in April for major Asian buyers

A number of Chinese terminals have cut prices for trucked LNG for June....