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Typically peaking during winter and summers, the LNG demand in Asia has already increased to such levels that the prices have increased by 32 percent. Since mid-April, the gas prices have soared up to $9.60/million British thermal units (Btu) and are edging to $10/million Btu. Lower domestic gas production, industrial demand, and early stock building to prepare for the coming winter are some reasons attributed to the current scenario.
