No end in sight to weak Asian LNG spot prices

Supply continues to outstrip global demand; Japan importing less

20170614)LNG  spot price low

A Qatari LNG tanker passes through Egypt's Suez Canal.

TAKESHI KUMON, Nikkei staff writer

TOKYO -- Spot prices for liquefied natural gas in Asian markets remain in the doldrums, hovering at levels more than 40% lower than their most recent high, seen in January.

While new LNG production projects go on stream one after another, demand in Japan, by far the world's biggest importer of the chilled gas, is weakening now that some nuclear power plants have gone back online.

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