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Asian gas prices rise to four-month high
Liquefied natural gas (LNG) prices in Asia have risen to their highest level since late March, with the spot shipment price reaching approximately $20.2 per million British thermal units, marking a roughly 10% increase over the past week. This surge is attributed to renewed tensions in the Middle East and delays in ship movements through the Strait of Hormuz, which have increased concerns over ongoing supply disruptions, especially as Asia heavily relies on spot shipments. These disruptions are fueling a shortage in LNG supplies, with spot charter prices trading at levels nearly double those before the conflict.
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