The price is at its lowest level since the beginning of April.

Oil majors Shell and BP each offered a July loading cargo at $4.60-$4.65/mmBtu on Wednesday in Platts market on close (MOC) window, at a price well below the $5.35/mmBtu levels seen last Friday, they added.

A large tender by Egypt to sell up to 13 cargoes, as well as several sell tenders by Indonesia's Pertamina, Angola and Australia are also weighing on the market, sources said.