# Third Time's a Charm | Energy Intelligence

> The World Gas Intelligence spot gas assessment for Northeast Asia rose 10 cents to $4.75 per MMBtu, its highest level since mid-February. It broke above $4.65, a level it had failed to hold twice before, and was well below the $7.75 level of a year earlier.

- Date: 2016-05-31 · published 2016-05-31T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/8456-third-time-s-a-charm-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher Asian LNG prices can pull cargoes away from other markets and raise the cost of gas-based fertilizer and energy. The change is a modest one-day move, so the effect on feed prices is small.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7cf-de4c-a17b-e7cf21b90000

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