Asian spot prices climb on air-conditioning demand

Spot LNG prices in the major Asian countries climbed by 2.82% last week as warm weather boosted demand for air conditioning Spot LNG prices in the major Asian countries climbed by 2.82% last week as warm weather boosted demand for air conditioning.
By Tang Tian 16 August 2016 0 21531

Spot LNG prices in the major Asian countries climbed by 2.82% last week compared with the previous week. Average prices hit $5.84/MMBtu on 12 August, their highest level since late January, as warm weather boosted demand for air conditioning and increased the need for gas-fired power generation.

CIF price of LNG in major Asian countries and regions ($/MMBtu)

Date Japan South Korea China Taiwan
1 Aug 5.60 5.58 5.56 5.54
2 Aug 5.68 5.63 5.60 5.59
3 Aug 5.75 5.69 5.65 5.63
4 Aug 5.75 5.69 5.65 5.63
5 Aug 5.86 5.79 5.76 5.73
8 Aug 5.86 5.79 5.76 5.73
9 Aug 5.90 5.82 5.79 5.75
10 Aug 5.90 5.82 5.79 5.75
11 Aug 5.93 5.84 5.83 5.79
12 Aug 5.93 5.84 5.83 5.79
Source: Sublime China Information

Trucked LNG prices in Jiangsu, Jiangxi, Hunan, Hubei, Henan, Liaoning, Jilin,...

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