Asian spot LNG prices fall for fourth week running

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.