Spot LNG prices for major importers in Northeast Asia fell by an average of 16.6% in March from the previous month – the steepest decline since February 2016. China led the declines after cities in the north of the country switched off their district heating systems in mid-March.
CIF price for imported LNG, February
|Total volume, mt||2.37||7.79||2.09*||3.60|
|Highest price, $/MMBtu||10.33 from Belgium||11.50 from US||–||8.70 from Australia|
|Lowest price, $/MMBtu||6.35 from Australia||7.40 from Qatar||–||6.50 from Russia|
|Average price, $/MMBtu||7.04||7.85||7.95*||8.02|