Loading…
Asian spot LNG prices rose to $9.60 per million Btu, their highest for this time of year since 2014, on firm Chinese demand. Supply is expected to be limited in August due to maintenance at Sakhalin Energy platforms and the Angola LNG project.
Some Indian buyers were reported to be considering coal instead.
Tighter LNG supply and higher Asian gas prices strengthen the case for fuel switching and support energy costs in importing regions. The impact on feed commodity prices is indirect.
energynow.comJun 1, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
