Asian Spot LNG Prices Remain at One-Year Low Amidst Supply Disruptions

Asian LNG buyers seize dip as market corrects

The Asian Liquified Natural Gas (LNG) market experienced a decline in prices this week, which spurred opportunistic buying activity from some Asian importers. The lower prices presented an attractive opportunity for these importers to secure LNG cargoes at a more favorable cost, potentially leading to increased imports in the near term. “The drop was driven by softer downstream demand, though supply disruptions in Australia and Brunei slowed fur…

Asian Spot LNG Prices Remain at One-Year Low Amidst Supply Disruptions

Asian spot liquefied natural gas (LNG) prices remained at a near one-year low this week, as supply disruptions from three export facilities in the region and some buying interest capped losses fuelled by overall weak demand.The average LNG price…