SINGAPORE, April 5 Reuters Asian spot liquefied natural gas LNG was unchanged this week, keeping at a sixweek high over 9 per million British thermal units mmBtu for a third consecutive week, as demand from buyers continued shoring up prices.
The average LNG price for May delivery into northeast Asia held at 9.50mmBtu, the same as the previous week, which was its highest level since February 9, industry sources estimated.
Demand was sustained due to colderthannormal weather driving some gas demand in northeast Asia, said Ryhana Rasidi, gas and LNG analyst at data and analytics firm Kpler.
She added that Chinese players are likely waiting for further price declines to encourage more LNG buying and that the recent earthquake in Taiwan has had little impact on prices as no nuclear infrastructure was affected.
A spokesperson from Taiwan39;s stateowned energy company CPC told Reuters that its two LNG import terminals had not been affected by the earthquake and are operating normally, while imports remain on schedule.
In India and South Korea, high terminal stocks have been capping interest from buyers, but lower inventories in Japan have underpinned some demand, said Samuel Good, head of LNG pricing at commodity pricing agency Argus.
In Europe, SP Global Commodity Insights assessed its daily North West Europe LNG Marker NWM price benchmark for cargoes delivered in May on an exship DES basis at 8.14mmBtu on April 4, a 0.20mmBtu discount to the May gas price at the Dutch…