Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, hitting a 17-month low as the market moved further away from the peak winter demand period and inventories remained high in the region.
Spot prices for March delivery to Asia fell to $6.50 per million British thermal units (mmBtu) this week, down 20 cents from the previous week to their lowest since Sept. 8, 2017, trade sources said.
April prices are estimated at about $6.30 per mmBtu, the sources said. Demand in China remained tepid as many factories there were still shut for Lunar New Year celebrations, trade sources said. Read More