# Global LNG prices snap six-week streak of gains as Japan bows out | Gas Processing & LNG

> 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.

- Date: 2017-08-25 · published 2017-08-25T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/69631-global-lng-prices-snap-six-week-streak-of-gains-as-japan-bows-out-gas
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- gasprocessingnews.com: https://www.gasprocessingnews.com/news/2017/08/global-lng-prices-snap-six-week-streak-of-gains-as-japan-bows-out/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.