{"id":439664,"date":"2021-10-04T08:54:52","date_gmt":"2021-10-04T03:24:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439664"},"modified":"2021-10-04T09:32:51","modified_gmt":"2021-10-04T04:02:51","slug":"asian-lng-prices-surge-to-record-high-this-week-as-winter-starts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/asian-lng-prices-surge-to-record-high-this-week-as-winter-starts\/","title":{"rendered":"Asian LNG prices surge to record high this week as winter starts"},"content":{"rendered":"<p>Asian liquefied natural gas (LNG) prices surged to a record high this week on sustained demand from China amid a power crunch and high gas prices in Europe as the winter season begins.<\/p>\n<p>The average LNG price for November delivery into Northeast Asia was estimated at about $32 per metric million British thermal units (mmBtu), up nearly 20% from the previous week, industry sources said.<\/p>\n<p>Price agency S&amp;P Global Platts said on Thursday that its Japan-Korea-Marker (JKM), which is widely used as a benchmark for spot LNG contracts, rose to $34.47 per mmBtu.<\/p>\n<p>Chinese buyers are seeking more cargoes despite record prices, bidding above market rates as the winter season starts with the country&#8217;s gas inventory not full, trade sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian liquefied natural gas (LNG) prices surged to a record high this week on sustained demand from China amid a power crunch and high gas prices in Europe as the winter season begins. The average LNG price for November delivery into Northeast Asia was estimated at about $32 per metric million British thermal units (mmBtu), up nearly 20% from the previous week, industry sources said. Price agency S&amp;P Global Platts said on Thursday that its Japan-Korea-Marker (JKM), which is widely used as a benchmark for spot LNG contracts, rose to $34.47 per mmBtu. Chinese buyers are seeking more cargoes despite [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-439664","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439664"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439664\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}