54 Days
Source:
المشهد العربي
Asia Liquefied Natural Gas Prices Hit Highest Levels Since March
Natural gas LNG prices in Asian markets have risen to their highest level since March, reaching $20.2 per million British thermal units after an increase of about 10% over the week. This surge is a result of escalating tensions between Washington and Tehran and disruptions to navigation in the Strait of Hormuz. This has prompted some Asian countries such as Pakistan, India, and Thailand to increase their demand and secure supplies through new auctions. There are concerns that ongoing tensions could lead to a decline in Middle Eastern supplies and cause gas prices to rise further, amid dwindling European inventories and increasing Asian demand.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)