Asian LNG Prices Surge Past $30 as Middle East Shipping Risks Escalate

AI Summary

Asian spot LNG prices rose above $30 per million British thermal units, their highest level since December 2022. The surge followed reports of an attack on an LNG carrier in the Red Sea near Yemen, highlighting shipping risks that could disrupt energy supplies.

Liquefied natural gas prices on the Asian spot market topped $30 per million British thermal units for the first time since December 2022, Bloomberg reported earlier today. The price jump follows a report about a strike on an LNG tanker in the Gulf of Aden, off the Yemeni coast. The UK Maritime Trade Operations outlet reported an LNG carrier coming under attack in the Red Sea, from a small boat, whose crew fired twice at the tanker. The tanker’s crew fired warning shots in return, the UKMTO said on Saturday. The report suggests a return to…