Asian spot liquefied natural gas (LNG) prices rose this week on forecasts for higher cooling demand this summer and tracking a rally in European gas prices underpinned by supply concerns due to Middle East tensions and weakness in U.S. feedgas demand. The average LNG price for June delivery into north-east Asia rose to $10.40 per million British thermal units(mmBtu), from $10.20/mmBtu in the previous week, industry sources estimated. “Uncertainty over the Middle East conflict and varying U.S. feedgas rates remain a key focus of attention for traders, supporting prices at a time of otherwise bearish fundamentals,” ... (full story)