LNG in World Markets: Asian Spot Prices Stay Above $30/ MMBtu, After Huge Swings
October 2021
LNG in World Markets Mid-Month
Asia-Pacific spot LNG prices remained above $30/MMBtu for the past two weeks on a global supply crunch. LNG production issues continue to plague the market at the same time that demand is rising with the arrival of the peak winter season. Several firms saw their credit lines stretched thin by the high prices, especially those faced with large margin calls as financial hedges on physical positions turned sharply negative. Some sellers and buyers prefer to transact on fixed prices for prompt cargoes amid price volatility, although the sellers are willing to price volumes on JKM and TTF for cargoes further out.
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