LNG

Asian spot LNG prices nearly double year on year

The average price for Asian spot LNG closed at $11.55/MMBtu last week, nearly double the level seen during the same week a year ago The average price for Asian spot LNG closed at $11.55/MMBtu last week, nearly double the level seen during the same week a year ago.
By Tang Tian 2 October 2018 0 32742

The average price for Asian spot LNG climbed by 1.31% last week from the previous week, to $11.64/MMBtu. Prices ended the week on $11.55/MMBtu, nearly double the $6.0/MMBtu seen during the same week a year ago.

Chart showing Asian spot LNG prices

Prices for trucked LNG dropped by 2.93% last week from the previous week in Beijing, Anhui, Hebei, Tianjin, Hubei, Henan, Shandong, Jiangsu and Liaoning after wholesale price cuts at the Qingdao and Rudong terminals and at LNG plants in Shandong and...