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| Picture: Japanese port of Hakodate |
“LNG
prices in Japan, Australia’s biggest market for gas exports closely track the
Japanese crude import price with a lag of four to seven months…. The worst of
the hit to LNG prices has yet to flow through…Westpac calculates…that LNG
prices in Japan should be less than $US 9 per million British thermal units in
May of this year, close to levels last seen in mid-2010 and down about 50 per
cent from the highs of mid- 2012”
Source:
Oil drop may cause $30 billion hit to LNG by Angela MacDonald Smith, The Australian Financial Review, Tuesday
January 27th, 2015 pages 11
and 23.
japan, japanese, customer, consumer, news, picture, quote, LNG, prices, australia, trend, www.japanesecustomer.com, #japan, #japanese, #customer
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