MARKETS

Spot LNG prices up on tight supply, lower temps and stocks

ASIAN spot LNG prices are now tracking over US$9 per million British thermal units, which is the highest level since 2014 for this time of year, as the region competes with Europe for shipborne supply.

Sally Bogle

Asia-Europe increasingly competing for cargoes

The prices are welcome news for Australian LNG exporters who, despite selling most output under long-term contract, reserve a portion of production for spot sales. A number of factors are driving Asian...

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