• Global Gas Analytics
  • Analysis & Forecasts

Asia Pacific Price trends

November 2018

Weakening oil prices will see an easing of oil-indexed gas contract prices, but the trend will be short-lived.

Average LNG import prices in Northeast Asia in September were around $10.7/MMBtu for Japan, $10.8/MMBtu for South Korea and $9.9/MMBtu for China. These figures represented annual gains of 30-37% and month-on-month rises in each of the three markets. Recent dips in Brent crude prices will result in an easing of oil-indexed LNG contract prices, bringing down average LNG prices in the region. However, this is not expected to...