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Asian spot LNG prices fell 25 cents to $6.05/MMBtu for October delivery in the week to August 25 as Japanese buyers, facing high storage, backed off extra purchases. Kyushu Electric sold a cargo for early September and bought a reloaded shipment for later in the month.
Cheniere took Train 3 at Sabine Pass offline, but supplies to Korea Gas Corp. were unaffected.
Weak Japanese demand and swapped cargoes point to softer near-term LNG and gas pricing, a modest bearish signal for US natural gas exports and prices.
gasprocessingnews.comAug 25, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
