RIO DE JANEIRO: Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world's top consuming region.
The average LNG price for February delivery into northeast Asia is estimated to be around $21.45 per million British thermal units (mmBtu), according to pricing agency S&P Global Platts, up 47% from the previous week ($14.60).
The price is a record high since Platts started assessing the Japan-Korea-Marker (JKM) in February 2009, which combines deals from some of the world's biggest consumers and became the reference price for spot deals.
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