LNG

The Prime Minister of Bangladesh, Sheikh Hasina Wazed, said the southwest Asian country needed urgent supplies of liquefied natural gas from the spot market even at high prices to help meet the growing demand for natural gas for power generation.

Liquefied natural gas prices for deliveries to China, Japan and South Korea soared to more than $20 per million British thermal units for November amid a rise in cargo liftings at global liquefaction plants as record prices in Europe pointed to a possible winter supply crunch.