Asia Natural Gas Buyers Hold Back Purchases After War Risk Boosts Prices
- LNG cargoes to Asia being offered at highest price in 8 months
- Global prices rally on compounding risk to gas supply
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Liquefied natural gas buyers in North Asia are pausing plans to procure additional fuel for winter after the conflict between Israel and Hamas compounded supply risks, boosting global prices.
Following a jump in European prices, Asian spot LNG shipments are being offered in the range of the high-$10s per million British thermal units, according to traders. That is the highest price in about eight months.