LNG -- Asia -- December 27, 2020

Link here, from December 18, 2020:

Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week as lower-than-normal temperatures in key LNG importers and continued growth in China’s industrial activity boost demand.

Spot LNG prices for January delivery have jumped to over $12 per million British thermal units (mmBtu) as a cold snap in parts of the major LNG importers Japan, China, and South Korea raises demand for electricity and heating.

Moreover, China’s industrial output continued to grow in November, also boosting demand for power.

The prices of LNG in Asia have recovered from less than $2/mmBtu in the spring when the winter heating season had already ended, and the pandemic created a massive oversupply of LNG globally as lockdowns heavily depressed demand for natural gas.