LNG: Asian LNG Prices Fell This Week: Reuters
Mar-14 13:07
Asian spot LNG prices slipped this week to a three-month low, as tepid APAC demand persists and Europe continues to attract Atlantic basin cargoes, Reuters said.
- The average April LNG delivery price to Asia was $13.40/MMBtu, while the price for May was $13.20/MMBtu.
- Japanese demand has been muted, with some Japanese utilities selling cargoes rather than buying, according to Argus, cited by Reuters. He added that utilities have robust stockpiles despite recent cold snaps.
- South Korean demand has started to climb as buyers procure to refill inventories post a late-winter cold snap, Reuters added.
- Asian LNG demand remains weak, with March imports expected to end at similar levels to February, Reuters added.
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