Asian spot liquefied natural gas (LNG) was unchanged this week, keeping at a six-week high over $9 per million British thermal units (mmBtu) for a third consecutive week, as demand from buyers continued shoring up prices.
Asian spot liquefied natural gas (LNG) prices rose $1 this week due to buying activity by China and India, easing inventory levels in Japan and higher oil prices.
Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year s energy crisis that sent global prices soaring to a record.
SINGAPORE/TOKYO, July 20 (Reuters) - Governments across Asia are formulating strategic natural gas reserve policies, building new terminals and storage tanks as buffers against supply disruptions following last year s energy crisis that sent global prices soaring to a record.