GLOBAL LNG-Prices slide in well-supplied and quiet market | Reuters:
Asian spot prices for liquefied natural gas (LNG) fell this week although few cargoes were heard to swap hands in a well-supplied market with some traders still on their New Year’s break.
Spot prices for February delivery to Asia LNG-AS were assessed at $8.75 per million British thermal units (mmBtu) compared to $9.10 last week, industry sources said, citing low liquidity as the reason for the fall.
Trading activity started to rise towards the end of the week and was mainly focused on late January and February cargoes, with nothing yet heard for March volumes, traders said. Tumbling shipping charter rates, however, were expected to boost liquidity next week, they said.
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