Asian LNG prices show record growth ahead of winter

Spot LNG prices in Asia have hit their highest average in six months as a result of strong downstream stock-building for winter heating Spot LNG prices in Asia have hit their highest average in six months as a result of strong downstream stock-building for winter heating.
By Tang Tian 10 October 2017 0 27907

Spot LNG prices in Japan, South Korea, China and Taiwan averaged $6.01/MMBtu in September. This was the highest average in six months and up by 7.46% from August as a result of strong downstream stock-building for winter heating.

Average CIF price of spot LNG, $/MMBtu

  Japan South Korea China Taiwan
August 5.53 5.63 5.63 5.58
September 5.91 6.09 6.08 5.96
Change 6.87% 8.17% 7.99% 6.81%
Sources: Korea Customs Service, Japan Ministry of Finance, Sublime China Information

CIF price for imported LNG, month

  Japan South Korea China Taiwan
Total volume, mt 7.25 2.60 3.14 1.20*
Highest price, $/MMBtu 9.24 from PNG 9.46 from Oman 8.68 from Qatar
Lowest price, $/MMBtu 5.45 from Nigeria 5.76 from Russia 6.83 from Australia
Average price,...

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