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Asia spot LNG prices fall

Sunday, 10 December 2023



LONDON, Dec 9 (Reuters): Asian spot liquefied natural gas (LNG) prices slightly fell this week on continued lack of interest for spot supply from Northeast Asia players and forecast of weaker prompt gas demand in Europe.
The average LNG price for January delivery into Northeast Asia LNG-AS slightly fell to $15.5 per million British thermal units (mmBtu), from $15.7 last week.
Prices for LNG in Asia rose to their steepest premium over European prices for two years this week as congestion at the Panama Canal drove up the price of shipping U.S. LNG to Asia.