North American LNG Export Dream Evaporating

The rush to export natural gas from North America was nice while it lasted. But the spot prices for liquefied natural gas (LNG) in Asia have collapsed, leaving a shrinking opportunity on the table for the plethora of export proposals. Much of that has to do with oil prices falling by half over the past year because LNG prices are linked to the price of oil in much of the world. The latest data from Platts shows that the Japan/Korea Marker (JKM) – the benchmark for LNG in northeast Asia – fell to just $7.279 per million Btu (MMBtu) for…

via Daily News Update

Categories: Saved for Later

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