Global LNG: Asia prices notch up amid spot buys, easing Japan inventories
Asian spot liquefied natural gas (LNG) prices rose $1 this week due to buying activity by China and India, easing inventory levels in Japan and higher oil prices. The average LNG price for November delivery into north-east Asia LNG-AS rose to $14 per million British thermal units (mmBtu) from $13 the previous week, industry sources estimated. China’s Unipec, the trading arm of top Asian refiner Sinopec, bought over 30 LNG cargoes via a tender for deliveries from October 2023 to the end of2024 to meet winter demand and boost its ...
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