ANALYSIS: Asian LNG end-users halt spot procurement as prices linger above $40/MMBtu
Spot LNG procurement by end-users in Asia has slowed significantly in the week ending July 8, as high prices force them to call off buy tenders and reconsider buying strategies for the next quarter. Asian LNG prices climbed above $43/MMBtu during the week, with European geopolitical dynamics escalating and prompt demand strengthening as a heatwave swept pass Asia. The Platts…