Asian spot prices for LNG delivery in March fell during the week ended Feb. 10 on weak demand and steady supplies despite loading disruptions caused by bad weather at some Australian ports.
Companies including U.S. LNG producer Cheniere Energy and Royal Dutch Shell were said by traders to be offering several cargoes over coming months, helping accelerate a downward trend in spot prices since January.
Spot prices for March delivery were seen at around $7.20 per million British thermal units (mmBtu), 30 cents below the last assessment level, while April prices dipped below the $7 per mmBtu mark, traders said.
