Cheniere Energy Inc (LNG)

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But spot LNG futures for delivery to Asia in September slipped to $10.70 per million British thermal units, down 33% year over year and 6% below August's price, according to Platts commodities news. The price represents a one-month average to Aug. 15. It was the weakest monthly average price since April 2011, Platts reports, and the largest year-over-year decrease so far in 2014. Platts noted, however, that the month-to-month decline from August was the narrowest since March.

Futures prices rise sharply heading into the winter months — a development that, Platts says, was leading some buyers to grab pricey October contracts.

Longer-term metrics for the LNG trade are difficult to sort out, with demand on the uptick but supplies rising out of areas including Australia. Also, the U.S. — now the world's largest producer of natural gas — is set to begin LNG exports next year.


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