Asian LNG prices rise on winter demand expectations


  • Energy
  • Saturday, 26 Sep 2020

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.

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LNG , Asian , winter , Malaysia , Petronas , supply , South Korea ,

   

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