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LNG market debates new benchmarks amid long-term supply needs
The benchmarks that have typically been used by buyers and sellers to price natural gas along the LNG value chain may see competition from new entrants as trade flows and market dynamics continue to shift.
The discussion at the CERAWeek by IHS Markit energy conference on March 3 was especially timely for Asia.
There, China is vying in the coming years to become the world’s biggest importer of LNG and India has big gas ambitions that are expected to support growing LNG imports. That could make room for new pricing hubs to be used in LNG contracting besides traditional ones that include Henry Hub in the US, Dutch TTF in Europe and Platts JKM in Northeast Asia.
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This story was produced with support from the Asian American Journalists Assn. and AARP, a nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age.
Before the coronavirus pandemic, June Bai’s weeks were filled with a diverse range of activities she looked forward to doing.
Bai, 69, enjoyed the freedom she had to attend dance and tai chi classes and evenings at the symphony.
Santa Ana resident June Bai, 69, helps deliver hot meals to seniors.
(Courtesy of AASCSC)
That all came to an end when the country began shutting down in March.
“Because of the pandemic, all those social activities were cancelled, so I couldn’t engage with people,” she said through an interpreter, Eileen Ni, director of community wellness at the Santa Ana-based nonprofit Asian American Senior Citizens Service Center (AASCSC). “I lost my joy. I could only stay at home and take care of my father. That’s the only thing I could do.”