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Asian spot LNG prices fall on low demand

High storage levels at terminals helped push prices in China, Japan, South Korea and Taiwan down by an average of 2.13% last week High storage levels at terminals helped push prices in China, Japan, South Korea and Taiwan down by an average of 2.13% last week.
By Tang Tian 2 hours ago Asia Pacific / LNG 0 34375

Spot prices for LNG deliveries to Japan, China, South Korea and Taiwan fell by 2.13% last week from the previous week as high storage levels at terminals dampened buyer interest. Spot prices averaged $4.31/MMBtu on 5 July, nearly level with the first 10 days of June.

Chart showing average spot price of LNG for Asian buyers

End-user prices for trucked LNG in 12 of China’s major consumption markets fell by an average of 3.16% last week from the previous week after cuts to...