# Chinese Demand Ensures Asian LNG Rally Has Legs

> Asian spot LNG prices have risen 55 percent from their 2017 lows to $8.40 per mmBtu, driven by strong Chinese demand and refilling of summer stocks. Nuclear outages in Taiwan and new buyers such as Pakistan are absorbing LNG oversupply faster than expected.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/69141-chinese-demand-ensures-asian-lng-rally-has-legs
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stronger Asian import demand pulls LNG cargoes away from other markets and supports global gas prices, though Henry Hub is only indirectly affected.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- marinelink.com: https://www.marinelink.com/news/chinese-ensures-demand429865

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