Why have Asian LNG prices gone nuts?

Friday, 18 December 2020

A nice chart from Platts that helps explain a crazed rally in Asian LNG prices for those :

The only chart that matters for Asian prices in that lot is the middle bottom. Huge LNG capacity has come off over 2020 and will now rebound.

For those potential LNG importers looking on, the JKM price spike is the very definition of temporary!

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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.