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Rising storage levels push down Asian spot LNG prices

Prices averaged $10.31/MMBtu on Friday, a slight fall from the previous week as stock levels reduced demand Prices averaged $10.31/MMBtu on Friday, a slight fall from the previous week as stock levels reduced demand.
By Tang Tian 20 November 2018 Asia Pacific / LNG 0 33362

Asian spot LNG prices edged down slightly last week from the previous week as rising gas storage levels curbed demand for cargoes before the start of winter in the region, which is forecast to be warmer than usual. Prices averaged $10.31/MMBtu on Friday compared with $9.21/MMBtu a year ago.

Chart showing Asian spot LNG prices

The price of trucked LNG in China’s Anhui and Henan provinces increased by an average of 1.03% last week from the previous week after plants in the northwest...