GLOBAL LNG-Prices rise, supply disruptions from Malaysia concern

Supply disruptions at Malaysia LNG indicate that up to three additional cargoes could be taken off the market each month from December to March, according to Rystad Energy analysts.(File pick shows Malaysian MISC's LNG tanker Camilia)

LONDON: Asian liquefied natural gas (LNG) prices rose for the second straight week on robust demand from Asian buyers ahead of peak winter months and on supply concerns in Europe after delay in licensing the new Nord Stream 2 pipeline.

The average LNG price for January delivery into Northeast Asia rose to $36.7 per metric million British thermal units (mmBtu), up $5.2, or 16.5%, from the previous week, industry sources said.