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Global LNG: Prices at six-month lows as floating cargoes released

Reuters  |  LONDON 

By Ekaterina Kravtsova and Sabina ZawadzkiLONDON (Reuters) - Asian spot prices for liquefied natural gas (LNG) slumped this week to a six-month low, bucking the usual winter trend, as low demand persisted and supplies were boosted by deliveries from tankers that had been floating in north Asian waters for weeks.Spot prices for January delivery dropped a dollar to $8.80 per million British thermal units (mmBtu), the lowest since May and below the levels of a year ago, for the first time in 2018.Prices for February delivery, although also weaker, dropped less and returned to contango with the ...

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First Published: Fri, December 07 2018. 21:32 IST