Market Insight

Asian LNG Prices Turn Bearish Amid Capped Demand

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Asian spot LNG prices have been softening steadily for over a month despite a widespread expectation that the global LNG market will heat up during winter. Traders are expecting supply-demand fundamentals to return to provide stronger pricing direction during the next few months in a market that has largely been sentiment driven since Russia’s invasion of Ukraine in February. The Japan Korea Marker, Asia’s de facto benchmark, dropped from a peak of $71.25 per million Btu on Aug. 29 to $27.62/MMBtu late last week, under the circa $35/MMBtu seen during the same period last year.

Gas Supply, Gas Demand, Gas Inventories, Gas Pipelines, Gas Prices, Gas Spot Markets, LNG Supply, LNG Trade, LNG Prices, LNG Spot Trade, LNG Demand, Ukraine Crisis
Wanda Ad #2 (article footer)
Some extra Russian piped volumes are expected into Europe, but trust in Moscow as a reliable supplier is gone, industry insiders say.
Tue, May 30, 2023
The new gas deal shows that the small nation has chosen to import additional pipeline gas instead of LNG.
Tue, Jun 6, 2023
Speakers at the Louisiana Energy Conference this week openly worried about a return of Russian gas to Europe, upending US LNG prospects.
Fri, Jun 2, 2023