Australian LNG

Daily LNG price update (Goldman bear)

David Llewellyn-Smith
Friday, 6 March 2015
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Not much news for oil overnight and Brent traded modestly higher at $60.69. The indicative LNG contract price rose to $8.89mmBtu:

1

In news Goldman is spot on via Bloomie:

Competition will increase because the spot market is expanding and buyers are less reliant on long-term contracts, analysts including Jeff Currie in New York wrote in an e-mailed report on Thursday.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.