Bloomberg News

Asia LNG Price Seen Rising to Five-Month High by WGI on Weather

December 05, 2012

Liquefied natural gas in Asia rose to a five-month high on cold weather and scarce cargoes, widening the premium to Europe, according to World Gas Intelligence.

Spot cargoes in northeast Asia rose 5.8 percent to $15.85 per million British thermal units, the highest since June 18, WGI said on its website today. The price in southwest Europe rose 1.9 percent to $11.

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net


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