*Spot LNG prices have risen to the highest levels since early 2019. But the latest numbers suggest that they are starting to dip in response to a flood of price-sensitive US exports.
*Latest Japan data for spot imports shows that the country’s buyers paid an average of $6.0/mn BTU for cargoes purchased in October, level with January as the highest this year. Reuters’ weekly spot market assessments, meanwhile, had delivered Asian prices peaking at $7.50/mn BTU in late October. But assessments for December-delivery cargoes have since fallen back below $7/mn BTU as US exporters have responded to rising prices by restoring shut-in output. (CONTINUED - 661 WORDS)
