# Asian spot LNG prices steady at near two-year high | Gas Processing & LNG

> Asian spot LNG held near a two-year high at $9.50/MMBtu for February delivery during thin year-end trade. Supply was tight after Chevron halted Gorgon train 1 in Australia in late November, and Mexico's CFE bought end-January cargoes in South America.

- Date: 2017-01-01 · published 2017-01-01T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/73158-asian-spot-lng-prices-steady-at-near-two-year-high-gas-processing-and-lng
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight global LNG supply and high Asian prices support gas costs worldwide, which can keep US LNG export demand and domestic gas prices firm.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- gasprocessingnews.com: https://gasprocessingnews.com/news/2017/01/asian-spot-lng-prices-steady-at-near-two-year-high/

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