LNG

Global liquefied natural gas export plants continued to send out a steady level of shipments, keeping US Gulf Coast LNG futures at seasonal highs, even as North Asian spot prices for China and Japan declined slightly along with European gas values amid an oil price plunge of more than 9 percent.

Oil prices plunged over the weekend with their biggest fall in almost 30 years as the world’s largest exporter Saudi Arabia decided to slash prices and North Sea Brent crude hit $33.56 a barrel, a more than 32 percent drop since Friday when it was at $49.32 per barrel.