Asian LNG prices rise on winter demand expectations

On the supply side, Angola LNG held an October delivery tender this week, while Malaysia's Petronas was selling a mid-November delivery cargo, sources said. There were ongoing supply issues in the United States and Australia tightening the market.

LONDON: Asian spot liquefied natural gas (LNG) prices edged up this week amid spot buying in the region and a possibility of higher consumption in winter due to cold weather.

The average LNG price for November delivery into northeast Asia was estimated at $4.90 per million British thermal units (mmBtu), $0.10 mmBtu above last week's level.