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Infographic

Asian spot LNG price dips below $3/MMBtu

Prices fell to record lows last week, while the coronavirus epidemic caused LNG supply and demand to slump in China Prices fell to record lows last week, while the coronavirus epidemic caused LNG supply and demand to slump in China.
By Tang Tian 11 February 2020 Asia Pacific / LNG 0 35014
Chart of CIF price of LNG

Asian spot LNG prices slumped by 14.2% in the first week of February compared with the previous week, to an average of $3.19/MMBtu. This was the fourth straight week of declines since the final week of December. Spot prices finished last Friday on $2.94/MMBtu, marking their lowest level since figures became available to Interfax in October 2013.

Chart of purchasing prices of trucked LNG in regions

Road transport restrictions imposed in response to the...