London: The prices of Asian LNG (LNG) was at its lowest level in nearly six months amid the silent demand in China and Japan due to the rise in shares after the moderate winter, but it is expected to obtain support from the strongest European demand.
The average liquefied natural gas price for May to North Asia was at $ 13.00 per million British thermal units (MMBTU), the lowest level since October 11, 2024 and reduced $ 13.60/MMBTU last week, and the sources of industry are estimated.
“Asian demand, in particular in China, does not exist. So we are looking for low prices and paper supply there is no support for the place,” said Toby Kobson, Chairman of the Board of Directors of Davbort Energ Partners.
He added: “The price level would entice South Asia and India, so he expected more volume to flow there until the demand for demand is cooled throughout North Asia.”
Martin, president of ARGUS, the head of liquefied natural gas prices, said that the strongest local production, pipelines, renewable obstetrics, and weak industrial demand kept the Chinese demand silent, and Taiwan and South Korea left only the main buyers last week.
LNG delivery to Asia decreased by 10 % in the first quarter of 2025. Chinese LNG imports decreased to the lowest level since 2022, partly due to a 15 % tariff on LNG in the United States that Beijing imposed earlier this year. However, JKM prices traded $ 4.60/MMBTU over the levels of the first quarter of 2024, said Florence Schmidt, energy expert at Rabo Bank.
She added: “Despite the weak demand for Asian LNG, it is expected that the strong demand from Europe will maintain the high prices of JKM. We expect the price of the standard gas in Europe to decrease 40 euros/megawatts during the summer, driven by the high demand for liquefied natural gas for storage purposes.”
Another again seen 33.6 % gas storage stocks in the European Union, according to data from the European gas infrastructure.
In the European gas market, prices at the Dutch TTF center are still linked in the range, as it struggles to leave 40 to 45 euros/megawat per hour, as the uncertainty of the availability of supply in the summer plays against the slow decrease in gas with a more moderate weather.
The market showed a little reaction to the reports that the measurement station at the Russian gas station in Sudzha, which is located at the crossing point where Russia pumped the gas by a pipeline across Ukraine and in Europe until the end of last year, was largely destroyed.
The S&P Global Commodity Insights evaluated the MAME price standard (NWM) in the northwest of the northwest (NWM) for shipments delivered in May on the basis of ships (DS) at $ 12,395/MMBTU on March 27, with a $ 0.69/MMBTU deduction to the gas price in May.
Argus evaluated the May delivery price at $ 12.49/MMBTU, while Spark Commodities evaluated the April price at $ 12.359/MMBTU.
The spark commodity analyst, Qasim Afghan, said that the American arbitration to northeastern Asia via Cape of hope is to motivate American shipments to deliver them to Europe.
In the LNG shipping market, the Atlantic prices fell this week for the first time in two months to 28250 dollars a day on Friday, while interest rates in the Pacific increased to $ 27,500 a day.
