GLOBAL LNG-Asia Spot Stays Near 3-year High For Third Week

GLOBAL LNG-Asia Spot Stays Near 3-year High For Third Week

Asian spot liquefied natural gas (LNG) prices were unchanged for a third week as traders converged on Lisbon for a major industry conference, curbing market activity.

Spot prices LNG-AS for January delivery were steady at $9.85 per million British thermal units (mmBtu).

A combination of factors including purchases by Taiwan and Turkey; below-average temperatures in Beijing, Tokyo and Seoul; nuclear restart delays in Japan; export curbs in Indonesia; and price spikes in Spain helped keep prices near three-year highs, traders said. Read More…

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