ASIA'S LNG PRICES DOWN
REUTERS - MARCH 2, 2021 - The price of spot liquefied natural gas (LNG) in Asia has retreated almost as fast as it surged during a cold winter snap, leaving a market grappling with how best to deal with the recent extreme volatility.
The weekly assessment for spot LNG LNG-AS cargoes dropped to $5.60 per million British thermal units (mmBtu) in the week that ended Feb. 26, the lowest since early October and about 81% below the peak of $29 on Jan 15.
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