Reuters
Asian spot liquefied natural gas (LNG) prices slightly fell this week on continued lack of interest for spot supply from Northeast Asia players and forecast of weaker prompt gas demand in Europe. The average LNG price for January delivery into Northeast Asia slightly fell to $15.5 per million British thermal units (mmBtu), from $15.7 last week. A potential for a very cold turn of the year in Northeast China, with forecasts for overnight temperatures to be at least several degrees Celsius below historical norms, could weigh on LNG inventories and widen the scope for the additional spot purchases, said Samuel Good, head of LNG pricing at commodity pricing agency Argus.