Asian LNG spot prices hold steady
Asian spot prices for liquefied natural gas (LNG) for cargoes delivered in February slipped this week amid ample supply, but losses were limited as Indian companies sought cargoes to meet spot requirements.
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According to industry sources, the latest price estimate for an Asian LNG spot cargo with a February delivery date is approximately US$5.45 per million Btu. This is five cents less than estimate for the previous week.
The price for cargoes delivered in January is estimated to be about $5.65 per mmBtu, steady compared with last week, they said.
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