It’s been a roller-coaster ride for natural gas this year, with most of the time spent climbing to newer heights. The worst is far from over with frigid winter weather on the horizon for many parts of the world, while fears remain that the market may stay out of balance through much of next year.
Gas traders fear prices could plunge after a volatile winter businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
(Bloomberg) It’s been a roller-coaster ride for natural gas this year, with most of the time spent climbing to newer heights.
Spot contracts in Asia and Europe surged to a record, triggering factory closures and bankrupting energy retailers from Singapore to the U.K.
ExxonMobil LNG announces 2021 Power Play Awards finalists lngindustry.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lngindustry.com Daily Mail and Mail on Sunday newspapers.
by Bloomberg
|Wednesday, January 13, 2021
The North Asian LNG price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.
(Bloomberg) After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel.
The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.