Asian LNG prices hit over 4-month high

Malaysia's Petronas sold a cargo from the Gorgon LNG plant for mid-September loading to Gunvor at about $2.90 per mmBtu

SINGAPORE: Asian spot liquefied natural gas (LNG) prices jumped to a more than four-month high this week, tracking firmer gas prices in Europe and the United States, and as major cities in North Asia face warmer-than-usual weather potentially boosting demand.

The average LNG price for September delivery into northeast Asia was estimated at about $3.10 per million British thermal units (mmBtu) this week, up 40 cents from the previous week.