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Russian supply glitches, Asian demand lifts spot price


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SINGAPORE (Reuters) - Asian spot liquefied natural gas (LNG) prices rose to a one-month high this week on supply disruption from Russia and buying interest from China and India, several trade sources said.
FILE PHOTO: A vessel carrying liquefied natural gas (LNG) cargo from Russia is seen at Rudong LNG Terminal in Nantong, Jiangsu province, China July 19, 2018. China Daily via REUTERS
The average LNG price for April delivery into Northeast Asia was estimated at about $6.50 per million British thermal units (mmBtu), up about 80 cents from the previous week, sources said.
Prices for cargoes delivered in May were estimated at about $6.55 per mmBtu, they added. ....

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