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Asian LNG prices spike as Hurricane Harvey disrupts exports

Seasonal upswing in demand compounding supply concerns

Flood waters from Hurricane Harvey inundated a Texas oil refinery run by Motiva Enterprises.   © Reuters

TOKYO -- Spot prices for liquefied natural gas have swelled in recent weeks in Asia, as the massive storm that struck the southern U.S. late last month held up exports from the area.

Asian spot prices hovered in the mid-$6 range per million British thermal units in early September, up 10% from a month earlier and the highest since mid-February.

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