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Northeast Asia LNG Prices Drop on Ample Supply, Weak Demand: WGI

Liquefied natural gas prices for Northeast Asia dropped this week due to ample supply and reduced demand for spot cargoes, according to Energy Intelligence Group.

The cost of LNG for delivery over the next four to eight weeks was $15.25 per million British thermal units in the period ended Aug. 26, down from $15.40 the previous week, the New York-based research company said on the website of its World Gas Intelligence publication. Southwest Europe gas declined to $11.65 from $11.90.