Mild weather and weak demand for natural gas in North Asia sent Asia’s spot LNG prices tumbling by 10.7% this week from last week, for a third consecutive week of declining prices, industry sources told Reuters on Friday. The average price of LNG for February delivery into northeast Asia stood at $25 per million British thermal units (MMBtu) this week. That’s 10.7% lower, or $3/ MMBtu lower, than last week, according to estimates from industry sources. Interest in spot LNG cargoes is weak despite the drop in prices in recent…
