Asian and European LNG Prices Dip Amid Weak Demand and High Inventories
Asian prices for liquefied natural gas (LNG) have plunged to a two-year record low, driven by lukewarm demand and burgeoning inventories. Likewise, European LNG prices have dipped beneath $10, suggesting a strong inventory expansion and a diminished requirement for further supplies. Insiders from the LNG sector indicated that the average cost for LNG delivery to…