Heatwaves Push Asia’s Spot LNG Prices To Highest Since January

Heat waves in some parts of Asia and forecasts of above-average temperatures in southeast Asia and China in the coming weeks have prompted more spot LNG buying, which has raised the spot prices in Asia this week to the highest level since early January. The average LNG spot price for delivery into northeast Asia in July has increased this week to $10.90 per million British thermal units (MMBtu), according to estimates from industry sources cited by Reuters. This week’s average spot LNG price in Asia is higher than last week’s average…