Bloomberg News

Northeast Asian LNG Prices Fall for a Seventh Week, WGI Reports

July 18, 2012

Liquefied natural gas prices for near-term delivery to northeast Asia fell for a seventh week to their lowest in a year, World Gas Intelligence reported.

Prices for cargoes delivered in the next four to eight weeks declined 40 cents to $14 a million British thermal units, according to WGI’s own assessment of the market made on July 16 and published today. That’s the lowest since July 18, 2011, WGI data show.

To contact the reporter on this story: Ben Farey in London at bfarey@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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