Asia LNG Prices Reach $20.10/mmBtu High

Overview

Asia’s spot liquefied natural gas (LNG) prices have risen for four consecutive weeks, with the average price for September delivery into northeast Asia climbing to $20.10 per million British thermal units (mmBtu). This level represents the highest price observed since 20 March 2026 and is up from $18 per mmBtu recorded in the previous week.

Drivers

The price increase is attributed to escalating military actions between the United States and Iran in the Gulf region, which have disrupted LNG shipments through the Strait of Hormuz. The disruptions have heightened concerns about LNG availability for Asian markets.

European Benchmarks

In Europe, S&P Global Energy’s daily northwest Europe LNG price benchmark for September cargoes, quoted on an ex‑ship basis, was $18.189 per mmBtu on Thursday, reflecting a $0.22 per mmBtu discount to the TTF hub price. Spark Commodities assessed the front‑month price at $18.218 per mmBtu, while Argus reported an assessment of $17.31 per mmBtu.

Sources

The article was generated with AI assistance and reviewed by an editor, with data sourced from Reuters, S&P Global Energy, Spark Commodities, and Argus.