By LNG World News Spot LNG market in Asia dropped to $5.4 per million British thermal units during this week, pressured by concerns of oversupply.
At the level of mid-$5/mmBtu, the demand has been strong, however, with the arrival of “shoulder months” when the demand weakens the prices are expected to correct, Reuters reports citing a Singapore-based LNG trader.
The rising supply from Australia and the United States has tipped the market towards oversupply, leading LNG buyers to look for more flexible terms in their long-term supply deals.
Long-term deals dominate the Asian market, however, beeing linked to crude oil these prices are trading well above
Read Full Article Here
For more great articles: LNG World News