In South Korea, spot demand has been weak, with many gas-fired power plants not able to compete on price with coal-fired generation, whereas strong hydro generation following heavy rains and temperatures in line with seasonal averages in southern China has weighed on gas-fired generation, said Martin Senior, head of LNG pricing at Argus.

In Europe, prices remained relatively stable as Friday marks the deadline for Russia to respond to the US ceasefire ultimatum, with secondary oil tariffs on the table.

Russian President Vladimir Putin and US President Donald Trump will meet in the coming days.