Asian LNG Prices Dragged Down By Oil Slide, Heavy Supply

Asian spot prices for liquefied natural gas (LNG) tumbled nearly 10% this week to a more than three-month low, knocked lower by a slide in oil prices, forecasts for a warmer than average winter and ample supply onshore and in tankers.

Spot prices for January delivery in North Asia  were estimated at $10 per million British thermal units (MMBtu), 90 cents lower than last week, according to traders.