Everything you wrote is absolutely spot on about LNG pricing and how it is dictated by oil based pricing curves. Our markets are not aligned with the U.S prices but we may ultimately end up with the same supply and demand issues that they are facing- which may contribute to some correlation in our market. I still believe that our gas market has the potential to head north significantly even if crude prices stay at current levels (or even lower) simply due to a reduction in reliable supply to market when it is needed most. From 2023-2025 there is going to be a hell of a lot of supply out of the market in peak periods and I cant see anything reliable filling the void. There will be price hikes in that period for sure
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Everything you wrote is absolutely spot on about LNG pricing and...
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