Asia LNG Prices Hit Multi-Year Highs Amid Supply Crunch
Asia LNG prices have reached their highest levels since 2022 due to a supply crunch caused by the loss of Qatari cargoes.
The resulting bidding war has driven up costs, with Bangladesh paying multi-year highs for spot LNG purchases.
This development comes as European natural gas futures recently retreated from multi-month highs after two consecutive sessions.