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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