LNG Prices Under Pressure as Seasonal Demand Peaks

The spot market price of liquefied natural gas in Asia is on the decline amid signs that seasonal demand for the fuel is peaking. Last week saw the first weekly decline in Asian spot LNG prices in a month, Reuters’ Clyde Russell reported, noting however that prices are still over 66% higher than they were at their trough this year in March. The price of LNG for Asia last week stood at some $13.80 per million British thermal units, compared with $14.10 for the previous week, which was the highest price in eight months, and with $8.30 in early…