European natural gas prices have risen for the second consecutive week, with a focus on Asian demand.

European natural gas prices have risen for the second consecutive week, as unusually hot weather in Asia has forced Europe to pay higher prices to ensure the entry of shipments by sea. Benchmark futures prices closed up 1.1% on Friday, helping prices rise by about 6.3% this week. Higher-than-average temperatures in Japan and South Korea have increased demand for liquefied natural gas for power generation. Europe's temperatures are also higher than usual, and the region needs liquefied natural gas to fill storage facilities during the peak storage season.