# Global LNG: Asia spot prices rise on increase in European gas prices - Markets - Business Recorder

> Asian spot LNG for January delivery rose 13% to an average of $35/MMBtu in the week, driven by higher European gas prices ahead of a cold spell. Traders expected ample Asian inventories to limit further gains and noted a slightly bearish tone in tender awards.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/38412-global-lng-asia-spot-prices-rise-on-increase-in-european-gas-prices-markets
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher Asian LNG prices raise the cost of gas-fired power and fertilizer production in Asia, though ample inventories suggest the rise may be limited.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40212188

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.