Asian liquefied natural gas prices extended gains as concern mounts that Russia’s announcement of maintenance on a key pipeline to Europe will further tighten global supplies.
Producers offered LNG spot cargoes for winter above $60 per million British thermal units on Monday, traders said. The Japan-Korea Marker spot benchmark slipped 1.3% to $55.277 per million Btu on Friday before Gazprom PJSC’s announcement, they said, citing data from S&P Global.
