Asia’s spot liquefied natural gas (LNG) prices rose for the third straight week, reaching a nine-week high. The increase is attributed to colder temperatures in the Northern Hemisphere, which have driven up demand for heating.
The sustained rise in prices reflects ongoing market responses to seasonal weather changes, impacting energy consumption patterns across the region.
**Why this matters**
Higher LNG prices can influence energy costs for consumers and industries in Asia, affecting economic activities and energy planning. Monitoring these price trends is important for stakeholders involved in energy supply and demand management.
Source: NewsData