Asian LNG prices hit over 4-month high on firm Europe, U.S. gas prices

REUTERS/Gary Cameron/File Photo

SINGAPORE: Asian spot liquefied natural gas (LNG) prices jumped to a more than four-month high this week, tracking firmer gas prices in Europe and the United States, and as major cities in North Asia face warmer-than-usual weather potentially boosting demand.

The average LNG price for September delivery into northeast Asia was estimated at about $3.10 per million British thermal units (mmBtu) this week, up 40 cents from the previous week.