Asian LNG futures have risen in the past month amid reports of South Korea’s state-owned Kogas preparing to open a new supply tender that could spur demand, but a wider view of the energy markets tells a different story about what may be supporting prices.
LNG contracts have gained 5% of value in the past four weeks, with the front-month contracts on the CME linked to Platts’ Japan-Korea Marker (JKM) as well as Singapore SLInG front-month prices settling at USD 5.66/MMBtu and USD 5.35/MMBtu on Tuesday.
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