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Increase in European gas prices raises Asian LNG prices

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LNG Industry,

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.

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