Megan Jenkins, senior chief analyst of Asian LNG at S&P Global Energy, said that if the supply of capacity in the Strait of Hormuz continues to be tight after entering the new year, the average spot price of Asian liquefied natural gas may rise to 30 US dollars/million British thermal units in January and February. Jenkins said at the Singapore International Energy Week conference on Tuesday that under this scenario, prices may fall back to around $20 per million British thermal units as demand enters low season from March to May. If Qatar's supply resumes in January, off-season demand prices will drop to around $10 per million British thermal units next year. S&P expects an average global price of around $26 per million British thermal units from October to December.

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