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Harsh winter in key markets drives spot LNG prices in Asia to record levels

Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up

Topics
LNG | LNG price

Twesh Mishra  |  New Delhi 



LNG
The multi-fold price explosion is the result of a potent cocktail of pent-up gas demand, that had plummeted during the pandemic, and lack of adequate transport

Spot Liquefied Natural Gas (LNG) prices in Asian markets are at record high levels for deliveries due in February 2021. These prices are driven by a harsh winter in North East Asia pushing up demand for spot in Japan, South Korea, and China.

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First Published: Mon, January 18 2021. 15:24 IST

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