Freezing winter temperatures and a supply squeeze have driven north Asian spot prices for LNG to a six-year high of about $US15 per million British thermal units, an astonishing turnaround from the sub-$US2 levels of last June.
He said LNG cargoes were being bid for at $US18/MMBTU, up from $US2/MMBTU six months ago, making it the biggest ever percentage rally in prices.
AFR Article
https://www.copyright link/companies/energy/runaway-lng-price-sends-warning-to-gas-buyers-20210104-p56rns
This will push up the local gas price as well.
Time for COI to rapidly recover this year
Freezing winter temperatures and a supply squeeze have driven...
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Mkt cap ! $193.8M | |||
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