Selected from The Australian, March 19th.Gas glut puts coal under pressure.... Gas prices already tumbling as a result of the recession, are suffering a triple whammy from reccesion in asia,a long awaited buildup in new supplies of LNG and unexpected discoveries of new gas reserves in the US.... Spot prices for LNG have collapsed;in Asia falling by US$20 million BTU to only US$6 million BTU... Over the next 18 months to 24 months LNG capacity will increase by 30%....Gas market braced for a surge in LNG output from Indonesia,Russia ,Yemen, & Qatar. Sorry dont know how to cut and paste whole article.
spot prices for lng have collapsed
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