US LNG drops to lowest price since Middle East war began

US LNG prices fell to their lowest levels since the Feb. 28 start of the US-Israel war with Iran, tracking softer delivered prices in Europe and Asia as buyers take a more cautious approach to spot purchases. The Platts Gulf Coast Marker for US FOB cargoes loading 30-60 days forward was assessed at $12.76/MMBtu on April 15, down 56 cents/MMBtu, or 4.2%, day on day. This marked the lowest assessedUS LNG prices fell to their lowest levels since the Feb. 28 start of the US-Israel war with Iran, tracking softer delivered prices in Europe and Asia as buyers take a more cautious approach to spot purchases. The Platts Gulf Coast Marker for US FOB cargoes loading 30-60 days forward was assessed at $12.76/MMBtu on April 15, down 56 cents/MMBtu, or 4.2%, day on day. This marked the lowest assessedRead More