24K-Production/Shutterstock Save for later Print Download Share LinkedIn Twitter 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.
