Reuters: Asian LNG freefall sets up swing to Europe

A nosedive in natural gas spot prices in Asia over the last month marks the end of bullish Japanese buying following the Fukushima disaster and the likely start of higher supply and lower prices for gas shipped to Europe.

The price of liquefied natural gas (LNG) in Asia has fallen 25 percent since June as collapsing demand in the region silences, some say permanently, the world's biggest spot market for the fuel.  That has created an oversupply of about 10 LNG cargos per month with sellers now looking for new buyers outside Asia.  MORE