Asia liquefied natural gas (LNG) prices rose this week following three weeks of decline as demand increased in China after a sharp drop in temperature, while market players eyed Russian supply into Europe. The average LNG price for December delivery into Northeast Asia rose to $31.5 per metric million British thermal units (mmBtu), up $2, or about 6.8% from the previous week, industry sources said. Sustained below normal temperatures could deplete inventories rapidly and send buyers back to the spot market, where prices need to remain elevated to hold the arbitrage against the TTF, Emily McClain, senior gas markets analyst at Rystad Energy, said in a report. “While the market appears to be heaving a sigh of relief, the […]