Asia LNG prices slip on healthy stocks, mild weather
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2022-10-09 21:30
Asia LNG prices slip on healthy stocks, mild weather
Asian spot liquefied natural gas (LNG) prices fell further this week on healthy inventory levels but a force majeure in Malaysia renewed concerns that buyers might need to seek replacement cargoes amid competition with Europe. The average LNG price for November delivery into north-east Asia was $34.00 per million British thermal units (mmBtu), down $4.50, or 11.7% pct, from the previous week, industry sources estimated. 'Prices in Asia have continued to trend lower with the help of milder weather and easing demand before winter,' said Ryhana Rasidi, gas and LNG analyst at data analytics firm Kpler.

https://www.hellenicshippingnews.com/asia-lng-prices-slip-on-healthy-stocks-mild-weather/

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