Asian gas prices hit five-month high

LNG prices in Asian markets rose to $24.614 per million British thermal units, their highest level in five months, driven by concerns over ongoing disruptions in oil flows through the Strait of Hormuz and military developments in the region. This prompted companies to charter additional shipments to meet demand. In Europe, prices remained near elevated levels as inventories fell to around 65%, while US flows increased to approximately 19.6 billion cubic feet per day to support international markets.