# Oversupplied Japanese LNG players to sell off excess volumes

> Asian spot LNG prices fell as Japanese utilities including Kansai Electric, Osaka Gas and JERA tried to sell March cargoes they had overbought during a warm end to 2016. Prices for March delivery dropped to about $7.75/MMBtu and April was near $7.

- Date: 2017-01-27 · published 2017-01-27T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/73150-oversupplied-japanese-lng-players-to-sell-off-excess-volumes
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Oversupply in Asia weakens the global LNG price benchmark, which can ease energy costs for importers but has little direct effect on US feed grain prices.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- theamericanenergynews.com: https://theamericanenergynews.com/oversupplied-japanese-lng-players-sell-off-excess-volumes/

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