Asia Flat as Heaviest US Cancellation Month Firms Atlantic

LNG in World Markets

June 2020

Asian spot price continued to trade sideways at low-$2s/MMBtu for second-half July and early-August deliveries. There were some pockets of opportunistic buying in China and Japan at low levels of around $2 to $2.10/MMBtu while Indian buyers remain active in the spot market. Buying finally re-emerged from Pakistan where state-owned Pakistan LNG Limited (PLL) issued two separate tenders for one August and one September cargo.

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