Supply & Demand

Taiwan leads rise in Asian spot LNG prices

Asian spot LNG prices increased by an average of 2.81% month on month in May, with Taiwan registering the largest growth Asian spot LNG prices increased by an average of 2.81% month on month in May, with Taiwan registering the largest growth.
By Tang Tian 4 July 2017 0 26609

Asian spot LNG prices increased by an average of 2.81% month on month in May, with Taiwan registering the largest growth. China imported 2.91 mt to all 14 operational terminals in May. Long-term contracted volumes made up 74% of the total, while the remainder were spot cargoes from Angola, Russia, Algeria, Australia and Malaysia. The Putian, Yuedong, Dongguan, Zhuhai and Qidong terminals cut prices in July by an average of 6.9% month on month.

CIF price for imported LNG, May

  Japan South Korea China Taiwan
Total volume, mt 6.24 2.49 2.91 1.39*
Highest price, $/MMBtu 12.33...