LNG spot prices in Northeast Asia are averaging the highest since 2014 at around $9.50 per million British thermal units through the first seven months of this year, according to World Gas Intelligence. The world's largest buyers of LNG are seeking mid-term, three-year supply contracts in an attempt to avoid increases in prices, which are averaging the highest since 2014. But a recent report by Bloomberg New Energy Finance (BNEF) suggests that demand for gas is likely to remain strong through 2021, with prices rising only slightly from current levels.
The world's largest buyers of LNG are seeking mid-term, three-year supply contracts in an attempt to avoid increases in prices, which are averaging the highest since 2014. But a recent report by Bloomberg New Energy Finance (BNEF) suggests that demand for gas is likely to remain strong through 2021, with prices rising only slightly from current levels.