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Pricey LNG may hurt India's transition to a gas economy

Asia-delivered spot LNG prices have increased to $30 per mmBtu from under $2 per mmBtu in May 2020 ....

Rlng Price , Gas Economy , Spot Lng Prices , Clean Fuel , Indias Domestic Gas Output ,

Different contract types can ease LNG price volatility: Shell Asia's Shah


The different types of contracts that are now available can help mitigate Liquefied Natural Gas (LNG) price volatility. This can be an approach for assuring consumers that runaway LNG prices, as were seen in January 2021, do not hamper prospects for wider adoption of natural gas.
Speaking to Business Standard, Ajay Shah, vice president - Shell Energy Asia said, “These days you have spot, short-term, long-term, and optional contracts. There are contracts that last for one cargo and also those that last for hundreds of cargos. Not only that, we have indexations which are emerging all the time.”
This is an evolution from earlier times when there were simpler contracts for gas supplies from point A to B, with fixed volumes and prices linked to crude oil. ....

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Natural gas price headed towards $3/MMBTU in a month


Natural gas price headed towards $3/MMBTU in a month
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Synopsis
MCX natural gas prices were up 17 per cent in 2020, settling at Rs.182.1 per MMBTU on December 31.
Agencies
Commodity Summary
Natural gas is a commodity that has been heavily volatile in 2020. NYMEX natural gas prices made a low of $1.43/MMBTU in late June 2020, a high of $3.39/MMBTU in November 2020, and finally ended the year at $2.53/MMBTU, marking an annual gain of 16 per cent.
Since MCX s natural gas prices are a mirror reflection of NYMEX rates, the volatility was similar on the domestic bourse.
MCX natural gas prices were up 17 per cent in 2020, settling at Rs.182.1 per MMBTU on December 31. ....

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