Asia Spot LNG Prices Hit 5-Month High as Hormuz Blockage Drags On

Spot LNG prices in Asia jumped on Tuesday to the highest level since the 2026 winter, as buyers compete for spot cargoes amid the still-stalled LNG traffic through the Strait of Hormuz. Asia’s spot LNG price jumped to as high as $24.614 per million British thermal units (MMBtu) on Tuesday, traders told Bloomberg. This was higher than the $23.388 per MMBtu from Friday, and the highest spot price for LNG deliveries into Asia in five months. Prices in both Asia and Europe had jumped at the end of last week after Qatar’s state-owned firm…