GLOBAL LNG-Asian spot prices down over 30 pct since start of year | Reuters

GLOBAL LNG-Asian spot prices down over 30 pct since start of year | Reuters:

Asian spot prices for liquefied natural gas (LNG) dropped this week for the eleventh week in a row, and have now lost more than 30 percent in value since the start of the year.

Prices for April delivery to northeast Asia are estimated at $5.70 per million British thermal units, $0.30/mmBtu below last week. That is the first time prompt prices have fallen below $6.00/mmBtu since early August 2017, according to Reuters data.

Prices for May delivery are estimated to be slightly higher than for April, largely due to the very weak prompt price, LNG traders said.