SINGAPORE, Oct 4 (Reuters) - Asian spot liquefied

natural gas (LNG) remained flat for a second consecutive week,

with buyers staying away at the end of the cooling season and

waiting for price levels to fall further.

The average LNG price for November delivery into north-east

Asia was at $13.10 per million British thermal units

(mmBtu), industry sources estimated.

"Asian LNG prices remained largely stable this week despite

ongoing geopolitical tensions and an attempted attack in the

Middle East," said Ana Subasic, natural gas and LNG analyst at

data and analytics firm Kpler.

"This stability is mainly due to weakened spot demand

following the end of the peak summer cooling season and an

increase in supply week-on-week."

Oil prices are headed for weekly gains of about 9% amid an

escalating conflict in the Middle East, as Israel weighs its

options after Iran launched its largest ever assault at Israel

on Tuesday.

Analysts in an ANZ Research report also noted that rising

inventories in Japan saw buyers pull back from the spot market,

and some were reluctant to pay above $13.10/mmBtu.

Inventories held by major Japanese utilities rose to 1.99

million tons as of Sept. 29, versus 1.63 million tons on Sept.

22.

Demand was also muted as top importer China is off for its

Golden Week holiday from Oct. 1-7.

In Europe, S&P Global Commodity Insights assessed its daily

North West Europe LNG Marker (NWM) price benchmark for cargoes

delivered in November on an ex-ship (DES) basis at $12.62/mmBtu

on Oct. 3, a $0.21/mmBtu discount to the November gas price at

the Dutch TTF hub.

Argus assessed the price for November delivery at

$12.60/mmBtu, while Spark Commodities assessed it at

$12.683/mmBtu.

"European gains came mostly from extensions to Norwegian

upstream maintenance - and some unplanned downtime - while

events in the Middle East also caused price volatility at points

during the week," said Samuel Good, head of LNG pricing at

commodity pricing agency Argus.

"Most of the market were less concerned about any disruption

for trade flows through the Strait of Hormuz than they were for

any Israeli gas production disruptions which could impact

Egyptian LNG demand."

In LNG freight, Atlantic prices fell for a second straight

week to $51,500/day on Friday, said Spark Commodities analyst

Qasim Afghan.

Pacific rates continued decline for an eighth week, falling

to $59,500/day.

"Freight rates in both basins are currently at their lowest

levels in five years for this time of year," said Afghan.