Asian spot LNG prices rise to $8.50/mmBtu

For illustration only (Image courtesy of JERA)

Prices for liquefied natural gas (LNG) in Asia have increased to their highest since January this year, boosted by peak-demand winter heating season.

Spot prices for Asian LNG rose 10 cents to $8.50 per million British thermal units (mmBtu) this week, Reuters reported on Friday.

Climbing Chinese demand amid its huge programme to move millions of households away from coal to gas heating as well as a push for LNG as a transport fuel have helped drive prices 55-percent higher from their 2017 lows, the report said.

Prices have also been supported by strong imports from LNG buying giants Japan and South Korea, which have been stockpiling in preparation of the peak-demand winter heating season.

However, despite the tighter conditions, many traders expect the spot LNG market to be capped, which is also reflected in the forward curve which sees prices fall back below $6 per mmBtu by mid-2018, the report said.


LNG World News Staff

Share this article

Follow LNG World News

Posted on October 6, 2017 with tags .


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >