According to "the Wall Street journal" reported in July 9th America, reduce the quantity of Japan and South Korea, increased supply, in the past five months, the Asian liquefied natural gas (LNG) prices have plunged nearly half, hit a more than three year lows.

Traders said, prices have forced some traders lose money selling cargo. Analysts said, USA, Canada and Australia are planning a billion dollar LNG export project, if LNG prices remain at current levels, the Asian buyers may not be willing to commit to buy these items of natural gas.

South Korea and Japan is the world's top two LNG importer purchases, but the two countries have slowed down. The safety scandal last winter, South Korea the shutting down of the domestic nuclear power plant, the country has been increasing gas inventory. At present, with the nuclear power plant to restart, the need for the natural gas declined.

2011 Fukushima nuclear power plant accident Japan shut down power generation accounted for 1/3 of the country's nuclear power plant, the country has become the world's biggest LNG after importing country. But because of the current weather all year round mild, the summer air-conditioning electricity demand without ever so strong