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• LNG prices for the four key East Asian importers have fallen back after edging up in February on late-winter buying.
• Japan paid $5.90/mn BTU for spot cargoes imported in April, down a third from February’s 23-month high of $8.80/mn BTU. Prices have since dipped further, with Japanese buyers paying just $5.70/mn BTU for cargoes contracted in April a rough approximation for May arrival (see chart).
• That said, the latest overall import data (ie not just spot cargoes) has yet to exhibit a substantial drop-off in price. South Korea, the first East Asian importer to have released full data for April, paid an average of $7.92/mn BTU, more or less flat with January-March. (CONTINUED - 308 WORDS)
DATA INSIDE THIS ARTICLE
|chart||Asian Lng Prices Weaken Despite Aussie Plant Delays ($/Mn Btu)|