Sat, 2019-11-23 00:53
SINGAPORE: Asian spot prices for liquefied natural gas (LNG) fell this week as a supply glut continued to weigh, while demand growth was muted by signs of a mild winter in Northeast Asia.
Prices for January delivery to Northeast Asia are estimated to be about $5.70 per million British thermal units (mmBtu), down 20 cents from last week for the same period, said several sources who are market participants.
With European gas storage nearly full, cargoes may struggle to find a home, traders said.
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