Asian spot liquefied natural gas (LNG) prices spiked to a fresh eight-year seasonal high this week, as demand remained robust globally for power generation needs in summer. The average LNG price for August delivery into Northeast Asia was estimated at about $14 per metric million British thermal units (mmBtu), up $1.50 from the previous week, trade sources said. This is the highest that spot prices have climbed for this time of the year since 2013, Reuters data showed. Global prices for natural gas are at multi-year highs, with high temperatures driving up demand for power generation in the northern hemisphere for air conditioning and as traders in some regions replenish stocks ahead of winter. read more Demand from Latin America was also firm as drought affected […]