Severe winter forecast sparks recovery in Asia's LNG prices

Production halts by hurricanes also help bring market out of coronavirus funk

20201005N US LNG in Japan

Imported LNG arrives in northern Japan at a Hokkaido Electric Power terminal. LNG prices plunged this year as economic activities froze due to the coronavirus outbreak. © Kyodo

YOSHINOBU ONO, Nikkei staff writer

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.

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