October 19, 2012

Japanese buyers have moved out of spot market for LNG as price drops 25% in June

"The price of liquefied natural gas (LNG) in Asia has fallen 25 percent since June as collapsing demand in the region silences, some say permanently, the world's biggest spot market for the fuel...Japan's increased use of LNG to offset closed nuclear sites following the Fukushima nuclear disaster in March last year ...which saw Asian spot prices that were roughly double those in Europe....But industry officials say Japanese buyers have now moved out of the spot market, having squared away supply on short- and medium-term contracts instead...."

Source: Analysis - Asian LNG freefall sets up swing to Europe
By Oleg Vukmanovic
Fri Jul 13, 2012

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