CLYDE RUSSELL: Rising LNG prices make their presence felt in Asia
Industry estimates suggest imports from the region’s developing economies are slowing as spot prices creep higher
25 April 2024 - 05:00
Launceston — There are early signs that the rise in the spot price of liquefied natural gas (LNG) for delivery to Asia to a three-month high is starting to crimp demand from price-sensitive buyers such as India.
The spot LNG price rose to $10.50 per million British thermal units (mmBtu) in the week ended April 19, the highest since January 19. The price is up 26.5% from the year’s low of $8.30 hit in early March...
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