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ReportedShipping, energy & marketsAsian LNG spot market

Asian spot LNG prices exceed $30 per million British thermal units

Mountain Time
Local time
7:00 AM UTC
Where
Asian LNG spot market

Asian spot liquefied natural gas prices topped $30 per million British thermal units for the first time since December 2022, OilPrice.com reported, citing Bloomberg. Buyers in Asia and Europe are competing for winter supplies while threats to Middle Eastern shipping constrain expectations for normal energy flows.

Why it matters

The price threshold raises the cost of securing additional winter gas cargoes for Asian and European importers.

Source

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels