LNG Transportation
Asian spot prices fall on muted demand and ample supply
The Asian spot price of liquefied gas (LNG), despite a lackluster demand, fell this week due to an abundance of supply. A cargo of LNG from a sanctioned Russian facility was also delivered. This added to the supply concerns. Average LNG price for delivery in October to Northeast Asia Industry sources estimate that the price per million British Thermal Units (mmBtu) was $11.15, down from $11.40/mmBtu a week ago. "LNG market mood remained calm, with arbitrage still destined for Europe. Due to the high stock levels and the relatively loosening of Pacific balance, major Northeast Asian buyers are not interested...