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Asian spot prices for liquefied natural gas (LNG) rose this week, driven by a surge in oil prices and a potentially colder start to winter and higher heating demand. The average LNG price for ...
The average LNG price for June delivery into northeast Asia <LNG-AS> was estimated at around $1.95 per million British thermal units (mmBtu) on Friday, $0.35 per mmBtu lower than the estimate last ...
The average LNG price for October delivery into north-east Asia was estimated at $70.50 per million British thermal units (mmBtu), up $13.50, or 23.7%, from the previous week, industry sources said.
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
The average LNG price for November delivery into north-east Asia was $32.5 per million British thermal units (mmBtu), down $1.50, or 4.4%, from the previous week, industry sources estimated.
The heating value depends on the source of gas that is used and the process that is used to liquefy the gas. The range of heating value can span ±10 to 15 percent. A typical value of the higher heating value of LNG is approximately 50 MJ/kg or 21,500 BTU/lb. [2] A typical value of the lower heating value of LNG is 45 MJ/kg or 19,350 BTU/lb.
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
For late December, spot prices were heard at $10.40 per mmBtu, although they were under the $10 mark for early December delivery weeks. Global LNG: Asian spot prices retreat again as shipping clogs up