LNG Spot Price For Asia On A Declining Trend-Demand is sluggish due to off-season and new supply start

摘要

LNG spot price for Asian market began to decline partly because the winter demand season ended and partly because the LNG supply on long term contract basis has newly started. There are currently no inquiries from the main buyers on a spot basis in Japan, South Korea and India, etc. The LNG spot price for Asia, which was temporarily forecasted at 7 US dollars /MMBTU, is considered to have already come down to 6s US dollars /MMBTU.