Europe Outbids Asia for LNG as Prices Surge 150%

Liquefied natural gas prices on the spot market are moving higher as demand picks up seasonally and Asian importers are souring on the fuel. European buyers are stepping up purchases, however, despite the price. They have no choice.

Asian demand for liquefied gas is set to decline this month—and over the year—according to analysts. September flows of LNG into Asian countries are estimated at 20. 09 million tons by Kpler, which would be down from 22. 27 million tons a year ago, and 22.