Reuters is reporting that Asian LNG spot prices have seen an increase for February deliveries.
The price increase is reportedly being driven by higher spot demand from India, as well as the growing uncertainty regarding the tensions in the Middle East.
The latest estimates set the price of LNG spot cargoes for delivery to northeast Asia in February at approximately US$5.30 per million Btu (an increase of 15 cents from last week’s estimates).
Price estimates for cargoes with delivery dates in March are at US$4.75 per million Btu.