LNG Premium in Asia Advances to 20-Month High: Energy Markets
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The premium of Asian liquefied natural gas over U.S. benchmark prices for the fuel, at the highest level in 20 months, may increase amid colder-than-normal weather in China and rising use by factories.
The difference between LNG in Japan, Asia’s biggest gas importer, and the average monthly U.S. Henry Hub price rose to $7.19 a million British thermal units in September, the most recent month for which customs data is available. That’s 48 percent higher than a year earlier and the biggest gap since January last year.