Global natural gas prices continue to soar 19 Jul 2021 - 9:11 The Peninsula Doha: Liquefied natural gas (LNG) prices are up around the world, driven by demand in China and across Asia, which is helping push benchmark prices in Europe to decade-plus highs as well, noted a report by Al Attiyah Foundation. US prices have also risen, partly due to hot weather and an LNG export boom – suggesting a fully integrated international market is finally developing, with all prices moving in line, although the US remains far cheaper (excluding delivery costs). Longer term, fundamentals are increasingly pointing to a sustained period of higher prices, although long term deals are still struggling to follow the upward trend in spot prices.