As spot prices for liquefied natural gas continue to rise, price-sensitive buyers in South and Southeast Asia could soften going forward.
While Asia ’s LNG imports in May are set to exceed prior-year levels, purchases in price-sensitive buyers in South and Southeast Asia could soften going forward as the average spot prices in the continent rallied to a five-month high last week. Overall, LNG imports into the world’s top importing region, Asia , are on track to hit 23.61 million metric tons in May, slightly up from 23.23 million tons in April and noticeably higher than the 20.
The average spot price for the front-month delivery into North Asia jumped from around $8.30 per million British thermal units MMBtu at the end of February – the lowest in nearly three years – to over $12 per MMBtu last week—the highest price in more than five months.
Natural Gas Imports Buyers Demand Natural Gas Prices LNG Prices Spot Prices Asia
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