GLOBAL LNG-Asia spot LNG prices flat as ample inventories weigh

Asian spot liquefied natural gas (LNG) was flat this week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand. The average LNG price for April delivery into north-east Asia remained at $8.30 per million British thermal units (mmBtu), its weakest level since mid-April 2021. "There are South Asian, Southeast Asian, and Chinese buyers in the spot market, but their spot purchases are not expected to exert significant upward pressure on prices," said Siamak Adibi, director for gas and LNG supply analytics at consultancy FGE.