TOKYO -- Gas prices in Asia have begun to recover from the coronavirus-induced plunge earlier this year, driven by predictions of a colder winter and disruptions to U.S. production caused by hurricanes.
The spot price for liquefied natural gas in Northeast Asia is around $5.20 per million British thermal units, nearly three times above the record lows from earlier this year. The figure remains below the roughly $6 logged in fall 2019 but has recovered to where it was before the coronavirus spread across the world.
