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Global LNG: Asian spot LNG slips amid healthy stocks, weak demand
Asian spot liquefied natural gas (LNG) prices slightly declined this week, weighed by healthy inventory levels in the region and weak demand. The average LNG price for March delivery into north-east Asia slipped to $13.90 per million British thermal units (mmBtu), versus $14.00/mmBtu last week, industry sources estimated. “The slight decrease was attributed to weak demand in Asia, as buying interest remained muted despite colder weather, owing to healthy inventory levels,” said Go Katayama, an analyst at data and analytics firm Kpler. “Going forward in Asia for the week ahead, we can expect some bearishness in ... (full story)