LONDON: Asian liquefied natural gas (LNG) spot prices continued its upward trend this week as fears of further market tightening following a major outage at a Freeport plant and reduced Russian gas flows to Europe pushed buyers to cover short-term needs.
The average LNG price for August delivery into north-east Asia was estimated at US$37 per million British thermal units (mmBtu), up $0.5 or 1.4% from the previous week, industry sources said.
