Spot LNG has more than doubled in the past six months as China has accelerated a shift from coal-fired power and heating to gas to tackle air pollution.
Asian spot prices are now at $US10.86 per million British thermal units, or $14.60 per gigajoule.
“Policy-accelerated gas demand growth in China has occurred faster than the infrastructure and domestic gas supply can keep up, in turn placing greater reliance on China LNG imports,” Citi analysts said.
10th Jan paywalled
http://www.theaustralian.com.au/bus...d/news-story/dd605935aa8a42bb779959cc14ec38b7
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