Global LNG: Pick-up in import demand anticipated after price slip

07 May, 2016

Traders anticipate more buying interest for liquefied natural gas (LNG) from importers including Japan and Argentina next week after Asian spot prices eased due to weak demand. LNG for June delivery in Asia traded at $4.55 per million British thermal units (mmBtu), down from $4.75 the previous week. July prices were in line with June. Traders highlighted Polish Oil and Gas Company's (PGNiG) tender to buy five cargoes as a bright spot in an otherwise slow week.

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