*The world’s top three LNG buyers, Japan, China and Korea collectively imported 74.1mn tons in the first five months of 2019, down 2% year-on-year. This is despite prices remaining depressed, with recent spot market trade at around $5/mn BTU, less than half typical values in the second half of 2018. Recent and upcoming liquefaction plant start-ups in Australia and the US are set to keep prices under pressure for the foreseeable future. Shell’s 3.6mn t/y Prelude FLNG off Australia...
LNG Prices Remain Under Pressure Amid Buoyant Supply, Lackluster Demand
Published on Fri, 28 Jun 2019 - Volume: 62 Issue: 26Print
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