Somnolent LNG Markets in Asia Not Seeing Expected Winter Surge

摘要

Hope on the part of sellers that Asian spot LNG demand would revive once winter took hold and LNG prices came off a bit must now be fading. With gas and power demand both succumbing to global economic paralysis, major players simply aren't in the market and don't expect to be for the next two to three months at least. Japanese buyers acknowledge that spot prices, once around 20 per million Btu, are "correcting" to something under 15/MMBtu.