*The ramp up of key LNG projects in Australia and Russia, together with lower-than-expected demand, means that LNG prices in the key northeast Asia market have slumped for January-arrival cargoes just as they would normally be peaking.
*Latest spot trade, as reported by Reuters, has been at $8.80/mn BTU for January-arrival cargoes, some $3/mn BTU below both the recent peak in September (for October-arrival cargoes) and last winter’s peak of just under $12/mn BTU as soaring Chinese demand caught the market off guard (MEES, 5 January). (CONTINUED - 343 WORDS)
