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Project Insights

Asian spot LNG prices fall 5% despite late rally

Prices in Japan, South Korea, China and Taiwan dipped last week but recovered to reach $4.59/MMBtu on Friday Prices in Japan, South Korea, China and Taiwan dipped last week but recovered to reach $4.59/MMBtu on Friday.
By Tang Tian 16 July 2019 Asia Pacific / LNG 0 34394

Spot LNG prices for Japan, China, South Korea and Taiwan fell by 5.0% last week from the previous week. But while the weekly average was down, prices picked up from $4.32/MMBtu on Thursday to $4.59/MMBtu on Friday, reflecting growing gas demand from power generators.

Chart showing Asian spot LNG prices

End-user prices for trucked LNG in Beijing, Tianjin, Guizhou and Yunnan edged up by an average of 0.9% last week from the previous week after suppliers in northwestern China increased their ex-works prices....