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Asian LNG Prices Hit 45-Month High Amid Middle East Disruptions

Guavy AI Editorial Team
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Natural Gas
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Asian spot liquefied natural gas prices have reached a new 45-month high, driven by disruptions in the Middle East and strong demand ahead of winter.

The average price for October delivery into northeast Asia hit $27.00 per million British thermal units, up from $26.00 per mmBtu last week.

The global spot gas market remains competitive, with Europe and Asia vying for cargoes amid concerns over Europe's storage levels, which were around 68.5% full as of the latest report.

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