LNG prices at new high-III: US terminal records a netback of $5.24/MMBtu in late December.
Global LNG demand has been on the rise, increasing global gas prices and creating favorable netbacks for US LNG supplier Sabine Pass 8Systematic market changes in Asia are seeing higher LNG prices. 8So much so that Sabine Pass' netback was a high of $5.24/MMBtu in late December. 8Sabine Pass is currently working at full utilization, belying critics and cynics which saw an LNG market in over supply. 8The LNG market may still turn tepid in the face of new capacities springing up, but right now the going seems to be extremely good. Click on Reports for more