Global gas prices to remain pressured by LNG oversupply in 2019-20: BP

摘要

Global gas prices will continue to decrease through 2019 and 2020, asthe LNG market remains oversupplied, BP CEO Bob Dudley saidTuesday during the company’s results presentation.Asian spot prices have fallen in the first half of the year due toslowing demand growth in Northeast Asia, notably in China, he said.The benchmark JKM Asian LNG spot price dropped as low as$4.263/MMBtu in June from a high of just over $12/MMBtu in Septemberlast year, according to S&P Global Platts price assessments.