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Markets & Forecasts

Supply glut holds down Asian spot LNG prices in August

Prices for spot cargoes averaged $4.4/MMBtu across China, Japan, South Korea and Taiwan last month, much less than the average price a year ago Prices for spot cargoes averaged $4.4/MMBtu across China, Japan, South Korea and Taiwan last month, much less than the average price a year ago
By Tang Tian 3 September 2019 Asia Pacific / LNG 0 34539
Chart showing average price of spot LNG in Asia

The average price of spot LNG in Japan, China, South Korea and Taiwan was down by 2.7% in August from July as ample supplies kept prices down. Prices averaged $4.4/MMBtu last month compared with $10.73/MMBtu in August 2018.

Chart showing average Asian CIF spot prices in July
Chart showing average Asian LNG imports in July

September prices for trucked LNG from Sinopec’s Tianjin terminal and the Putian, Yuedong,...