Due to weak demand, which is predicted to persist until the end of March,

Asian spot LNG prices continued to decline this week and reached their lowest level since July 2021.

According to industry sources, the average LNG price for April deliveries to northeast Asia was $14.50 per million British thermal units (mmBtu),

a decrease of $0.50 (or 2.3%) over the previous week. Costs have decreased by more than 48% year to date

and by almost 79% from the peak of $70.50/mmBtu in August 2022. "South Asian purchasers have been encouraged by recent prices.

Yet, it seems that less than $15 is still insufficient for the Chinese, "Toby Copson, the global head of trading at Trident LNG, stated.

"Even though market weakness is still present, it will probably require a protracted period of lows before state-owned companies

and tier 2 and 3 (players) decide to return. I don't believe the trigger price for profitable domestic arbitrage has yet been seen "Added he.

An increase in LNG prices is currently constrained, according to Leo Kabouche, LNG market analyst at research firm Energy Aspects,

as a result of the absence of North Asian buyers from the spot market, high gas inventories in Europe,

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