Asian LNG spot prices for delivery in August are currently reported to be US$4.60 per million Btu, approximately 10 to 30 cents lower than the last reported levels.
Cargoes for delivery in July are currently estimated at approximately US$4.40 per million Btu.
According to sources, an influx of cargoes from large exporters – such as PNG LNG, Ichthys LNG, Nigeria LNG, Angola LNG and ADNOC – were responsible for the surge in supply.
