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LNG prices are up but not for long
Dec 16:
Since October, the spot LNG prices have gone up
8In Northeast Asia, it has risen to above $7/mmbtu due to a spate of spot purchases by Pakistan, Egypt, and other emerging importing countries.
8The point to note however is that the spot price normally rises at this time of the year due to seasonal factors
8But the prediction is that prices will gradually fall towards the beginning of 2016 as production has recently restarted in Angola and Australia's Gorgon.
Click on Reports for more
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8In Northeast Asia, it has risen to above $7/mmbtu due to a spate of spot purchases by Pakistan, Egypt, and other emerging importing countries.
8The point to note however is that the spot price normally rises at this time of the year due to seasonal factors
8But the prediction is that prices will gradually fall towards the beginning of 2016 as production has recently restarted in Angola and Australia's Gorgon.
Click on Reports for more
