LNG buyers in Asia are postponing purchases due to the war in Israel – Kommersant
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Many liquefied natural gas (LNG) buyers in Asia are postponing additional purchases until the winter due to the escalating conflict between Israel and the Palestinian Hamas movement and the resulting rise in prices. Writes about this Bloomberg with reference to traders. According to them, gas reserves in Asia are at a level that is comfortable enough for importers to suspend purchases in anticipation of lower gas prices.
Gas prices have been rising since Monday; on Friday at stock exchanges in Europe they exceeded $600 per 1 thousand cubic meters. m for the first time since mid-February. This is due to the shutdown of production at the Tamar gas field in Israel. Spot prices for gas supplies to Asia also hit their highest levels in eight months, traders said.
Rystad Energy gas market analyst Masa Odaka notes that Japan has already purchased significant volumes of LNG, and South Korea has also suspended purchases. According to him, companies importing gas in these countries are ready for winter and the start of the heating season.
Read more about the course of the conflict in the Kommersant article. “Anthony Blinken came out as a Jew”.
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