Daily LNG price update (pre-tsunami prices)

Tuesday, 18 November 2014

The WTI oil price resumed falling last night, down half a percent to $75.45 as I write:

The equivalent LNG contract price is $12.77mmBtu:

In shorter term markets, the benchmark Japan/Korea marker for January delivery has collapsed to $10.30mmBtu, prices unseen since before the Japanese tsunami and let’s not forget that that is the heart of the North Asian winter when prices are seasonally at their peaks:

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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.