Asian spot LNG prices were buoyed by new purchases and tenders but stayed below recent two-year highs this week as two outage-hit plants resumed output.
The price of LNG for February delivery rose to $9.75 per million British thermal units (mmBtu), 25 cents above last week’s levels, traders said.
Though Japanese and Chinese demand cooled, trade sources said Korea Gas Corp was open to possible purchases despite having secured a recent shipment from Angola and contracted for winter cargoes in December via a tender.
