Asian LNG Prices Surge to Highest Since 2022 as Iran War Escalates

Spot LNG prices for Asian buyers went up to almost $26 per million British thermal units yesterday for a 5% weekly gain following the resumption of strikes between the United States and Iran. Spot LNG for Asia traded at $25.908 per mmBtu late on Wednesday, Bloomberg reported, citing unnamed traders, after President Donald Trump said “We took out all of the new equipment that they tried to build along the ‌Strait of Hormuz - some defensive, some offensive ... It was a very heavy attack last night, and we're prepared to do another one…