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LNG spot prices slide to 18 month low

The prices on LNG shipped to Japan decreased in February to the lowest level in 18 months. Prices have gone down for the past 11 weeks, writes Reuters.

Photo: Bloomberg

The contract price of shipping LNG to Japan dropped in February to the lowest level in a year and a half, reports Reuters citing data just published by Japan's Ministry of Economy, Trade and Industry.

The average price of exported LNG in February came to USD 7.5 per mmBtu, million British Thermal units, the lowest level since September 2017.

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