Global LNG-Prices capped by weak Asian demand

* Ample supplies keep downward pressure on market

* Demand from Jordan, Egypt and Pakistan

By Sarah McFarlane

LONDON, May 29 (Reuters) - Asian spot liquefied natural gas (LNG) prices for July were steady this week, as limited deals in the region made it difficult to assess prices and supply continued to outstrip demand, traders said.

The price of Asian spot cargoes was $7.60 per million British thermal units (mmBtu), in line with the previous week.

"I don't see deals executed to give an accurate price point, my impression is there's a bit more supply in the game," a trader said.

The LNG market has been struggling with oversupply as Australian projects ramp up output, ahead of more new projects coming online from the United States in the coming year.

While some new demand has come from North Africa and the Middle East, traders and analysts said this was not enough to absorb all of the new supply coming on line.

"Demand remains quite low in the far east, the only pockets of demand are in the Atlantic and the Middle East," an analyst said. "Pakistan, Egypt, Jordan, these are the few countries which are looking for volumes, but it's not really a game changer."

Traders were awaiting cargo awards from sale tenders launched by exporters including Nigeria, Papua New Guinea, Australia and Indonesia.

The main supply disruption continued to be from Yemen, where the LNG plant declared force majeure in April due to worsening security.

"Yemen seems out of the picture for the foreseeable future," a trader said.

Total's chief executive said on Friday he expected funding for the $27 billion Yamal LNG project it is developing in Russia with Novatek to be made available by lenders before the end of the year.

The LNG project in the Yamal peninsula in Siberia was barred from raising funds in U.S. dollars after the United States imposed sanctions on Russia. Total, Novatek and China's CNPC are now seeking funds in euros, yuan and roubles. (Editing by David Holmes)