HOUSTON (ICIS) — Asian LNG spot prices have fallen this week, with the July ICIS East Asia Index (EAX) down more than 12% on 19 May from one week ago.

The softness in prices, compared with levels seen just a month ago, could attract additional buyers into the market. New demand will be weather dependent and has not yet emerged in full, traders said.

Meanwhile, sources said they are expecting high storage levels and LNG import capacities over the winter in Europe, with new floating storage regasification units (FSRUs) coming online.

Much could depend on the extent to which Europe continues to rely on Russian gas and Asia replaces LNG demand with coal, with some analysts looking to a tight winter globally.

European Hydrogen

European Commission president Ursula von der...