LNG Prices Linger at 7-Month Lows Despite High Asian Imports ...Middle East

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LNG Prices Linger at 7-Month Lows Despite High Asian Imports
Ample supply is keeping spot LNG prices in Asia around the lowest level in seven months, defying seasonal patterns in which prices spike in peak winter.   Last week, the average LNG price for March delivery into northeast Asia was up by $0.10 week-on-week to $9.60 per million British thermal units (MMBtu), remaining close to the seven-month low of $9.50 per MMBtu from the previous week, according to estimates from industry sources quoted by Reuters.   For a third week in a row, Asia’s spot LNG prices remained below the…

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