East Asian liquefied natural gas (LNG) prices for October delivery rose slightly, reaching US$20.4 per million British thermal units (MMBtu) on August 3.
The 0.4% week-on-week increase reflects a market balancing seasonal demand pressures against broader geopolitical uncertainties.
According to analysis from Rystad Energy, the price support stems from a combination of extreme heat driving cooling demand and persistent geopolitical risks.
These factors have created a floor for prices in the region, preventing a deeper slide despite otherwise stable supply conditions.
The move in Asian LNG mirrors broader energy market trends, where European natural gas prices have also advanced recently on the back of renewed volatility in the Middle East.
Traders are increasingly pricing in the risk of supply disruptions, even as physical flows remain largely uninterrupted.