Reuters
Asian spot liquefied natural gas (LNG) prices were little moved this week, holding on to a six-week high amid emerging spot demand in both southeast Asia and Europe. The average LNG price for May delivery into northeast Asia rose 1.1% , or $0.10, from the previous week to $9.50 per million British thermal units (mmBtu), a level not seen since Feb. 9, industry sources estimated. The price has hovered between $9 and $10/mmBtu this week, discouraging some Asian buyers from buying spot volumes as prices went back closer to $10/mmBtu, said Masanori Odaka, senior analyst at Oslo-based consultancy Rystad Energy.