# Global LNG prices lifted on demand from Japan and India | LNG Industry

> 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.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/70135-global-lng-prices-lifted-on-demand-from-japan-and-india-lng-industry
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- lngindustry.com: https://www.lngindustry.com/liquefaction/31072017/global-lng-prices-lifted-on-demand-from-japan-and-india/

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