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Asian spot LNG for December delivery fell to $31.40/MMBtu in the week to November 6, ending four consecutive weekly gains, as more tankers transited the Strait of Hormuz and concerns about escalation eased. Prices remained near a four-year high; the article also reports Petronet profit rose 53% while city gas distributors’ margins narrowed, with the IEA warning of a tight winter market.
More available Hormuz transit and subdued Asian demand eased spot prices, but limited European storage and competition for cargoes could keep winter LNG supply tight and prices elevated. Lower LNG costs may relieve pressure on Indian gas distributors, though the high absolute price still squeezes margins.
indoen.comNov 7, 2026After 15 past bearish geopolitics events, Natural Gas moved a median -1.1% over 5 sessions (40% higher; middle half -9.2% to +2.4%), and +4.7% over 20.
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.
