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Global LNG: Asia spot LNG prices fall amid full inventories, mild weather

From brecorder.com

Asian spot liquefied natural gas (LNG) prices fell this week as full inventories and warm weather helped mitigate concerns over new U.S. sanctions on Russia’s Arctic LNG 2. The average LNG price for December delivery into north-east Asia fell 3% to $16.5 per million British thermal units (mmBtu), industry sources estimated. “Prices have failed to find support this week despite a few potentially bullish triggers, including the new sanctions on Arctic LNG 2 and increasing Panama (canal) restrictions,” said Jake Horslen, senior LNG analyst at consultancy Energy Aspects. “This is a testament to how bearish the short-term ... (full story)

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  • Category: Fundamental Analysis