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Asian spot LNG prices slipped about $0.35 to roughly $5.10 per mmBtu in the week to December 27, 2019, amid thin Christmas-holiday trading. Buyers were few, and sellers preferred to lock in deals early.
Europe's Dutch front-month benchmark fell nearly 50 cents over the week after a Russia-Ukraine transit deal.
Thin holiday demand and expectations of further declines weakened Asian LNG prices, which can soften gas-based power and fertilizer costs in the region. Price moves in Europe spilled over, reinforcing the bearish trend.
gasprocessingnews.comDec 27, 2019Not 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.
