LNG

Asian spot LNG prices break seven-week rising trend

Spot LNG prices in Asia broke a seven-week run of gains last week, dropping to $10.5/MMBtu Spot LNG prices in Asia broke a seven-week run of gains last week, dropping to $10.5/MMBtu.
By Tang Tian 3 July 2018 0 31573

Asian spot LNG prices fell by 2.6% last week after seven consecutive weeks of gains, dropping to $10.5/MMBtu amid improving supply and softer demand. Prices closed on Friday at $10.32/MMBtu, nearly double the $5.47/MMBtu seen a year ago. 

Chart showing Asian CIF LNG prices

Prices for trucked LNG in the Chinese provinces of Shandong, Jiangsu, Zhejiang, Henan and Hebei fell by an average of 1.45% last week from the previous week after plants in Hebei province and terminals in Jiangsu and Tianjin lowered...