LNG

Asian spot LNG prices jump nearly 20% in June

Spot LNG prices in Japan, South Korea, China and Taiwan increased by an average of 19.5% in June from May – the biggest jump for any month since October 2017 Spot LNG prices in Japan, South Korea, China and Taiwan increased by an average of 19.5% in June from May – the biggest jump for any month since October 2017.
By Tang Tian 10 July 2018 0 31668
Chart showing average CIF prices in June

Spot LNG prices in Japan, South Korea, China and Taiwan increased by an average of 19.5% in June from May – the biggest jump for any month since October 2017.

Chart showing LNG imports

Increased air conditioning use in East Asia as a result of hot weather bumped up the demand for gas-fired electricity. Chinese LNG prices climbed by 19.7%, followed by Taiwan on 19.6% and South Korea on 19.3%.