Asian LNG Hits 4-month High Amid Soaring U.S. Gas Prices

  • European and U.S. gas prices rise this week
  • Gorgon LNG plant supply issues boost Asian prices
  • Several buy tenders issued this week

Asian spot liquefied natural gas (LNG) prices jumped to a more than four-month high this week, tracking firmer gas prices in Europe and the United States, and as major cities in North Asia face warmer-than-usual weather potentially boosting demand, reports Reuters.

Bullish market

The average LNG price for September delivery into northeast Asia LNG-AS was estimated at...

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