Asian LNG spot price nears year-long high

The indicative Asian LNG spot price rose to an almost year-long high on Tuesday, as CME’s front-month JKM futures contract gained 1.3% to close at USD 7.70/MMBtu – the prompt contract’s highest closing price since 28 January 2020.

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Other energy and carbon commodity price movements were muted across the board on Tuesday. Brent and WTI diverged slightly in the session, while US, UK and continental European gas hubs were all virtually unchanged, as was the European carbon price.

Source: Gas Strategies

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