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Global LNG: Asian spot LNG edges up as hot weather spurs demand
Asian spot liquefied natural gas (LNG) prices rose this week to its highest levels since January, as hot weather across the region spurred more demand for the super-chilled fuel, and as it tracked gains in European gas prices on the back of maintenance outages and lower wind output. The average LNG price for July delivery into north-east Asia rose to $10.90 per million British thermal units(mmBtu), up from $10.50/mmBtu in the previous week and its strongest levels since Jan. 5, industry sources estimated. “Asian delivered prices have edged higher in the past few days… as demand from southeast Asian buyers and ... (full story)