Even if you just casually follow global energy news, you can’t help but notice that liquefied natural gas prices (LNG) in Asia keep dropping. Last week, prices for the super-cooled fuel dropped to their lowest point in nearly 19 months, due to pressure as more supply hit the market and buying interest remained low. LNG procurement historically peaks during cold winter months before tapering off at the end of January and beginning of February as spring approaches. However, total shipments of LNG into Japan, China, South Korea and Taiwan were at about 15.94 million tonnes in February, down nearly 19 percent from the previous month, Reuters reported , citing shipping data from Refinitiv Eikon showed. Spot prices for April delivery to Northeast Asia LNG-AS were trading around $6.00 per million British thermal units (MMBtu). That’s down 20 cents from the previous week at the lowest since Aug. 4, 2017, […]