JUST IN
Iron ore, coal transport push Sept Railway freight up 9.7% to 116 mn tonnes
House panel flags poor placements, under-utilisation of funds in PMKVY 3.0
Consumer spending in India expected to be high this festival season: Report
Concessional import duties on edible oils in place till March 2023
Inflation may fall to 5.2% next fiscal on normal rains, supply ease: Report
Govt issues draft guidelines for RRBs listing; minimum net worth Rs 300 cr
Fuel sales jump in Sep as economy activity picks up before festival season
Telangana attracts over Rs 2.5 trn investments in 8 years: KT Rama Rao
Govt approves productivity-linked bonus to railway employees for 2021-22
Windfall profit tax cut on domestic crude oil, diesel; scrapped for ATF
You are here: Home » Economy & Policy » News
Chennai tops in leased manufacturing space absorption in India: JLL
Business Standard

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 LNG in Japan, South Korea, and China.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.
OR

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

Read our full coverage on LNG

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

`
RECOMMENDED FOR YOU
.