Asian LNG spot prices for May deliveries reportedly dropped 80 cents this week to US$4.65 per million Btu. This marks their lowest level since May 2016 and is also not far off the record low for Asian LNG spot prices which dates back to 2010 (US$4.00 per million Btu according to Refinitiv Eikon data).
Europe usually trades at a premium to spot Asian LNG prices, however this is currently not the case as Asian prices are currently lower than the current price level of the European natural gas hub in Britain and the Netherlands.
