Friday, 6 September 2019

GLOBAL LNG-Asian spot prices dip as European gas storage fills up - Reuters

GLOBAL LNG-Asian spot prices dip as European gas storage fills up - Reuters:

Asian spot prices for liquefied natural gas (LNG) slipped this week, as gas storage in Europe fills up and on higher U.S. supplies.

But the lower prices attracted some buying interest from Indian and Chinese companies, helping to keep a floor on prices.

Spot prices for October delivery to Northeast Asia LNG-AS are estimated to be about $4.30 to $4.50 per million British thermal units (mmBtu), down 20 to 40 cents from last week, said several sources that participate in the market.

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