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Project Insights

Asian spot LNG prices fall on low demand

High storage levels at terminals helped push prices in China, Japan, South Korea and Taiwan down by an average of 2.13% last week High storage levels at terminals helped push prices in China, Japan, South Korea and Taiwan down by an average of 2.13% last week.
By Tang Tian 9 July 2019 Asia Pacific / LNG 0 34375

Spot prices for LNG deliveries to Japan, China, South Korea and Taiwan fell by 2.13% last week from the previous week as high storage levels at terminals dampened buyer interest. Spot prices averaged $4.31/MMBtu on 5 July, nearly level with the first 10 days of June.

Chart showing average spot price of LNG for Asian buyers

End-user prices for trucked LNG in 12 of China’s major consumption markets fell by an average of 3.16% last week from the previous week after cuts to...