LNG prices to stay high-V: Did GAIL react in panic?
GAIL could have possibly gained by hanging in to its earlier resolve to send its US LNG cargoes to India instead of tying them up in "no loss" short term deals with other traders and suppliers. 8Newer dynamics have now emerged out of the recent jump in Asian LNG prices on the back of a spurt in demand. Projections are that prices are likely to stay high going ahead. 8While other international traders and suppliers have developed integrated production, supply, trading and marketing (ISTM) strategies capable of absorbing price fluctuations in a volatile market, GAIL failed to do so. 8Find out how the impending offtake of US LNG cargoes and an inability to see beyond the immediate term, forced a panic reaction from the GAIL brass. Click on Details for more