Asian spot LNG prices continued to rise amid stronger demand on the back of a blistering heatwave in Japan and a return of competition with Europe. The average LNG price for August delivery into north-east Asia was estimated at $39 mmBtu
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Asian spot LNG prices inched down this week despite some procurement activity to replenish stocks.
European LNG prices continued to trade at a record discount to Benchmark Dutch TTF gas, as Russian pipeline gas supply issues dominated sentiment.
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Global LNG regasification projects are expected to be led by Asia from 2022 to 2026, with India considered one of the main drivers with 21 per cent of project starts, according to leading data and analytics firm Global Data.
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