# Asian LNG prices hit highest in over two months high on tight supply | Daily FT

> Asian spot LNG prices rose for a second straight week to their highest level in over two months, with October delivery at $11.40/mmBtu. Planned maintenance at Australia's Wheatstone LNG and a Sakhalin-2 production line halt in Russia tightened supply, and new buyers in Thailand and Bangladesh added demand.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/63711-asian-lng-prices-hit-highest-in-over-two-months-high-on-tight-supply-daily-ft
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tighter Asian LNG supply lifts natural gas costs for importers and can support gas-linked fertilizer and energy costs for feed producers. The effect on Henry Hub is limited because the disruptions are regional.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-09-29 | [GLOBAL LNG-Asia spot prices hit 7-month high on rising demand, Europe supply worries](https://feedsoft.ai/events/34284-global-lng-asia-spot-prices-hit-7-month-high-on-rising-demand-europe-supply.md) | +7.0% | +6.9% |
| NATGAS | 2023-02-10 | [Fertiliser prices likely to remain at high level in coming months](https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.md) | +0.8% | -0.0% |
| NATGAS | 2021-09-30 | [Asian LNG spot price reaches record high of $34.47/mmbtu - Platts data](https://feedsoft.ai/events/45220-asian-lng-spot-price-reaches-record-high-of-34-47-mmbtu-platts-data.md) | +4.2% | +8.1% |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2020-12-28 | [Supply Crunch, Brexit Deal Push Global Gas Prices Higher -- LNG Recap](https://feedsoft.ai/events/49820-supply-crunch-brexit-deal-push-global-gas-prices-higher-lng-recap.md) | -0.3% | +3.7% |

## Sources

- ft.lk: https://www.ft.lk/energy/Asian-LNG-prices-hit-highest-in-over-two-months-high-on-tight-supply/10509-661837

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