GLOBAL LNG-Asian spot prices rise on oil surge and heating demand

Loadings from the Bintulu plant in Malaysia continue to normalise after a brief disruption recently, traders said. Malaysian state-owned energy giant Petronas, the world’s fourth-biggest LNG exporter, said its Pengerang Integrated Complex (PIC) will be operational by early next year.

RIO DE JANEIRO/SINGAPORE: Asian spot prices for liquefied natural gas (LNG) rose this week, driven by a surge in oil prices and a potentially colder start to winter and higher heating demand.

The average LNG price for January delivery into northeast Asia was estimated at around $7.40 per million British thermal units (mmBtu), up $1.00 from the previous week, industry sources said.