The surge to record highs for spot liquefied natural gas (LNG) in Asia may be fading, but the implications of the price spike are likely to be longer lasting.
The weekly assessment for cargoes for March delivery to north Asia was $8.90 per million British thermal units (mmBtu) in the week ended Jan. 22, at the lower end of the range of $8 to $14 estimated in the prior week.
Cargoes for February delivery were last at $29 per mmBtu in the week to Jan. 15, before the assessments rolled over into March.
Earlier, spot LNG rose to a record high of $32.50 per mmBtu, according to price agency S&P Global Platts, which publishes the Japan-Korea-Marker used as a reference point for spot deals in the region.
No comments:
Post a Comment