LNG Transportation
Asian spot LNG prices drop as the supply disruption risk fades
The price of Asian LNG spot fell from its four-month peak this week, as the threat of a supply disruption was reduced by a ceasefire agreement between Israel and Iran. Average LNG price for August deliveries into North-East Asia According to industry sources, the price was $13,10 per million British Thermal Units (mmBtu), a drop from $14.00/mmBtu a week ago. This was the highest rate since February 21. "We have a slightly negative outlook for Asian prices (which is stable)." "A sustained Iran-Israel truce would reduce geopolitical risks, and refocus on the weak demand in China, South Korea, and Japan,"...