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Project Insights

High inventories push down Asian LNG prices

High inventories at terminals last month limited the ability of Asian LNG buyers to absorb more imports High inventories at terminals last month limited the ability of Asian LNG buyers to absorb more imports
By Tang Tian 8 January 2019 Asia Pacific / LNG 0 33808
Average CIF prices in November
 
LNG imports in November

Asian spot LNG prices declined by an average of 12.3% in December 2018 from a month earlier, as high inventories at terminals limited the ability of buyers to absorb more imports. Chinese prices declined the most, dropping by 12.3%.

Average CIF prices in Asian countries for spot LNG

PetroChina, Sinopec and China National Offshore Oil Corp. increased the ex-works prices for trucked LNG at 12 of their...