Increase in European gas prices raises Asian LNG prices
Published by Will Owen,
According to Reuters, an increase in European gas prices has raised Asian LNG spot prices for the first time since December.
Post-increase, spot prices for LNG cargo deliveries to Asia in May are now estimated to be US$4.50 per million Btu (a US$0.10 rise).
This rise in Asian spot prices has been attributed to an increase in gas prices in the UK and the Netherlands, in response to a decline in supply via pipeline from Norway.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08042019/increase-in-european-gas-prices-raises-asian-lng-prices/
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