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LNG: Asia’s LNG Prices Stable on Week: Reuters

LNG
Energy BulletsBulletPower BulletsCommodities

Asia’s spot LNG prices were little changed this week amid muted market activity with trading on hold due to the Gastech industry conference in Houston, Reuters said,

  • Average Asian LNG spot prices for November were $13.10/MMBtu, compared to $13.20/Mmbtu the prior week.
  • Prices are expected to remain stable in the coming week as a supply recovery offsets seasonal cooling demand in North Asia.
  • "The supply situation in Asia still looks comfortable with the shoulder months (between a peak and off-peak season) and less temperature-related demand. Still, storages across Asia are relatively full, denting any re-stocking demand for the coming winter," said Klaas Dozeman, market analyst at Brainchild Commodity Intelligence, cited by Reuters.
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Asia’s spot LNG prices were little changed this week amid muted market activity with trading on hold due to the Gastech industry conference in Houston, Reuters said,

  • Average Asian LNG spot prices for November were $13.10/MMBtu, compared to $13.20/Mmbtu the prior week.
  • Prices are expected to remain stable in the coming week as a supply recovery offsets seasonal cooling demand in North Asia.
  • "The supply situation in Asia still looks comfortable with the shoulder months (between a peak and off-peak season) and less temperature-related demand. Still, storages across Asia are relatively full, denting any re-stocking demand for the coming winter," said Klaas Dozeman, market analyst at Brainchild Commodity Intelligence, cited by Reuters.