GLOBAL LNG-Prompt Asian prices hit 4-month low, drop below $5/mmBtu [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
GLOBAL LNG-Prompt Asian prices hit 4-month low, drop below $5/mmBtu * Malaysia’s Petronas buys cargo following fire in gas pipeline * China-U.S. sign Phase 1 trade deal, which includes LNG * Several “sell” tenders offered in market this week By Jessica Jaganathan SINGAPORE, Jan 17 (Reuters) - Asian spot prices for liquefied natural gas (LNG) for the current month fell below $5 per million British thermal units (mmBtu), to their lowest in four months, as buyers remained on the sidelines ahead of the Lunar New Year holidays. Several cargoes were also offered in the spot market by various suppliers which helped absorb plant issues in Malaysia. The average LNG price for March delivery into northeast Asia LNG-AS is estimated to be about $4.60 per million British thermal units (mmBtu), down 15 cents from the previous week, and the lowest since September last year, several industry sources said. Prices for cargoes delivered in February are estimated to be $5.25 per mmBtu, down five cents, th
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