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Asian spot LNG prices rose on buying from India and Japan, with the September spot price at US$5.75/mmBtu, 10 cents above the prior week. Shell had to buy replacement supply on the spot market after a Peruvian plant suspended loadings.
New supply from Australia and Atlantic producers was expected to limit further gains.
Tighter spot LNG supply in Asia supports gas prices, but incoming cargoes from new projects such as Wheatstone are likely to cap the rally. Feed buyers see this mainly through gas-linked fertilizer and energy costs.
lngindustry.comJoseph GreenJul 31, 2017Not 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.
