The rally this week - eight months after the JKM fell to an all-time low of $1.82 per mmBtu - partially results from strong demand for heating during a colder-than-average winter and a shortage of supply in key producing countries such as Malaysia.
RIO DE JANEIRO: Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world's top consuming region.
The average LNG price for February delivery into northeast Asia is estimated to be around $21.45 per million British thermal units (mmBtu), according to pricing agency S&P Global Platts, up 47% from the previous week ($14.60).
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