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Markets & Forecasts

Asian spot LNG prices climb slightly in July

The average spot price for LNG delivered to Asia registered a slight increase last month but was still well down on an annual basis The average spot price for LNG delivered to Asia registered a slight increase last month but was still well down on an annual basis
By Tang Tian 6 August 2019 Asia Pacific / LNG 0 34460
Chart showing average spot LNG prices in Asia
Chart showing average CIF prices in June

The average spot price of LNG in Japan, China, South Korea and Taiwan inched up by 0.22% in July compared with June, to $4.48/MMBtu. This was down by more than half from the July 2018 average of $9.86/MMBtu.

Chart showing Asian LNG imports in June

A supply glut resulted in August prices for trucked LNG being cut by an average of 6.04%...