Categories: Business

Asian spot LNG prices fall for fourth week running


Fri, 2023-01-13 18:37

LONDON: Asian spot liquefied natural gas prices fell for the fourth week in a row on mild weather and ample inventories, with further downward pressure expected due to the upcoming Lunar New Year holiday.

The average LNG price for February delivery into northeast Asia was $23 per million British thermal units, down $2, or 8 percent, from the previous week, industry sources estimated.

The average price for March delivery is estimated at $20.60 per mmBtu.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

More troops to be sent to West Bank village besieged by Israeli settlers

The situation in Qusra first began on Sunday when settlers blocked the road to the…

2 hours ago

Leading doctor rebukes NHS chiefs over transplant crisis

While NHS Blood and Transplant manages organ donations and supports transplant centres, services are commissioned…

9 hours ago

Israeli settlers besieging Palestinian families in West Bank village

Israeli settlers have been besieging two Palestinian families in their homes in the occupied West…

18 hours ago

Cholera spreads across borders in West and Central Africa

Key factsCholera outbreaks are active in six countries across West and Central Africa, spread along…

22 hours ago

Five years after Taliban takeover, Afghan women ‘erased from public life’

Key pointsThe Talban have issued more than 100 decrees targeting women and girls, including one…

22 hours ago

Deadly attack on Red Sea ship adds to global supply chain uncertainty

Key pointsRed Sea is a vital global trade route Even greater uncertainty for shipping Seafarers must be…

22 hours ago