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Commodities eye

LNG importers gaining price leverage

An LNG carrier berths at a thermal power plant in Futtsu, Chiba Prefecture.

TOKYO -- Prices of liquefied natural gas are sliding due to persistent weakness in crude oil prices, the slower economy and increased supply capacity.

      The LNG spot price for Asian markets recently dropped below $8 per million British thermal units, much lower than the level before the 2011 earthquake and tsunami that rocked Japan.

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