# GLOBAL LNG-Prices rise as heat grips Japan, but more Yamal flows seen | Gas Processing & LNG

> Asian spot LNG prices rose to $9.75/mmBtu for September delivery as a prolonged heatwave in Japan drove cooling demand and prompted utilities to restart mothballed power plants. New supply arrived as Novatek's second train at Yamal started operating, easing buyer pressure.

- Date: 2018-07-27 · published 2018-07-27T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/64214-global-lng-prices-rise-as-heat-grips-japan-but-more-yamal-flows-seen-gas
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Heat-driven power demand tightens Asian LNG, while new Yamal output offsets some of the upside, leaving prices supported but capped. Feed buyers see little direct grain or oilseed effect from this energy move.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-08-26 | [Asian gas importers brace for steep winter LNG prices \| S&P Global](https://feedsoft.ai/events/45734-asian-gas-importers-brace-for-steep-winter-lng-prices-s-and-p-global.md) | +14.4% | +25.1% |
| NATGAS | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +14.0% | -2.0% |
| NATGAS | 2022-08-25 | [Why are global gas prices so high?](https://feedsoft.ai/events/40207-why-are-global-gas-prices-so-high.md) | -2.9% | -20.2% |
| NATGAS | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +9.7% | +1.4% |
| NATGAS | 2024-04-24 | [Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan \| Reuters](https://feedsoft.ai/events/30918-pressure-on-gas-and-lng-prices-to-help-switch-from-coal-says-j-p-morgan-reuters.md) | +7.7% | +52.8% |

## Sources

- gasprocessingnews.com: https://www.gasprocessingnews.com/news/2018/07/global-lng-prices-rise-as-heat-grips-japan-but-more-yamal-flows-seen/

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