Monday, August 8, 2022
HomeGlobal BusinessAsia LNG spot prices hit record high

Asia LNG spot prices hit record high

March 04, 2022: Asia liquefied natural gas (LNG) spot prices hit a record high of more than $59 per million British thermal units (mmBtu), tracking a surge in European gas prices on concern over tight supply after Russia's invasion of Ukraine.

Price agency S&P Global Commodity Insights' Japan-Korea-Marker (JKM), which is widely used as a spot benchmark in the region, climbed to $59.672 per mmBtu on Thursday, its data showed.

Its previous record was in October 2021, when it hit $56.326/MMBtu.


Posted on: 2022-03-04T15:31:13+05:00


- Advertisment -

Most Popular