East Med LNG Prices Drop Amid Weak Demand

• East Med LNG prices have weakened due to lower demand and competitive pipeline gas.
• High storage levels and mild weather add bearish pressure to LNG prices.
• Shipping length and low freight rates contribute to LNG price discounts in East Med.

East Mediterranean LNG prices have dropped against European levels. Weak demand, coupled with cheap shipping, has softened premiums, according to industry sources, reports SP Global.

On Oct. 25, Platts assessed...

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