*Asian spot LNG prices fell back to an average of $24/B for the recently-completed June-arrival trading month, according to an average of Reuters assessments. This is the lowest monthly average price since last October, though still sky-high by historical standards.
*The latest official import stats for April-arrival LNG in Korea and Taiwan paint a mixed picture on pricing trends. Average Korean import prices fell back to $13.84/mn BTU for April, almost $9 below the record $22.64/mn BTU for January. These stats imply an almost complete reliance on oil-linked term imports for April – the average April price implies an average ‘slope’ of 13.5% to JCC crude prices, which MEES predicts will stand at around $104/B for April. Korea’s April import volumes of 3.45mn tons were a 10-month low. (CONTINUED - 254 WORDS)
