LNG

Asian LNG prices rise as heating demand grows

Spot LNG prices in Japan, South Korea, China and Taiwan climbed for the fifth consecutive week last week Spot LNG prices in Japan, South Korea, China and Taiwan climbed for the fifth consecutive week last week.
By Tang Tian 31 October 2017 0 28176

Spot LNG prices in Japan, South Korea, China and Taiwan climbed for the fifth consecutive week last week. Prices were up by 7.98% week on week, to average $7.71/MMBtu, as a result of growing heating demand. Prices hit a 10-month high of $7.76/MMBtu on 24 October.

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

Date Japan South Korea China Taiwan
16 Oct 6.55 6.94 6.90 6.66
17 Oct 6.99 7.32 7.31 7.05
18 Oct 6.99 7.32 7.31 7.05
19 Oct 6.99 7.32 7.31 7.05
20 Oct 7.35 7.61 7.55 7.40
23 Oct 7.35 7.61 7.55 7.40
24 Oct 7.57 7.98 7.83 7.69
25 Oct 7.57 7.98 7.83 7.69
26 Oct 7.57 7.98 7.83 7.69
27 Oct 7.57 7.98 7.83 7.69
Source: Sublime China Information

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