Australian LNG

Daily LNG price update (shut-ins)

David Llewellyn-Smith
Friday, 27 February 2015
Advertisement

The Brent oil price fell back 1% last night after yesterday’s thin excuse for a rally to $60.90. News was thin. The indicative LNG price contract fell to $8.86mmBtu:

1

In news, the approaching glut is throwing up forecasts of falling volumes for projects:

NYC-based PIRA Energy Group believes that strategies are emerging for keeping LNG trains operating amid weak seasonal demand.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
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.