Asian spot LNG prices climb after three-week decline

Asian spot LNG prices picked up last week after three straight weeks of declines, climbing by a three-month high of 9.4% to average $4.75/MMBtu on Friday.

End-user prices for trucked LNG in China increased by an average of 1.15% in Beijing, Henan and Shandong last week from the previous week after plants in the three areas hiked their ex-works prices in response to higher demand for gas-fired power generation in Beijing. Elsewhere, a supply glut...