LNG price drop shift market dynamics
Liquefied natural gas (LNG) prices have fallen partly due to the oil price crash
Falling liquefied natural gas (LNG) prices in Asia are triggering a fundamental shift in global supplies. At least partly triggered by the oil price crash, gas markets have seen the Asian premium on European prices drop from more than $10 per million British thermal units (Btu) a year ago to a discount of around $1.50/m Btu in mid-February. Consequently, Europe is attracting more flexible cargoes and looks like a good place to sell, said Max Gostelow, an LNG pricing analyst at Platts. Prices of spot LNG for March delivery to northeast Asia posted their largest year-over-year drop on record, plunging nearly 62% from March 2014 to average $7.44/m Btu, data from the pricing agency showed. The J
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