LNG

Oct 16 (LNGJ) - The LNG Journal East Asian Delivered LNG Indicator Price hit its lowest level since 2009 at $12.30 million British thermal units with European Brent crude oil prices collapsing to $82.85 per barrel. The East Asia LNG price is based on the Japanese Crude Cocktail method of assessing long-term contract cargo prices for Japan, based on oil which last hit current levels and then slipped below $80.00 per barrel during 2009. That's as the UK National Balancing Point price hit $8.75 per MMBtu and the US benchmark Henry Hub natural gas price was at $3.82 per MMBtu.