SINGAPORE: Asian liquefied natural gas (LNG) prices could fall a further 25% in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years.
Asia’s LNG market has already fared worse than slumping oil markets, with spot prices (LNG-AS) down 60% since 2014 to US$8 per million British thermal units (mmBtu), ending half a decade of high prices.
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