LNG Gas Prices: Grim Present And Stable Future
From MENA FN
Merrill Lynch recently released a report discussing the jumps in liquefied natural gas (LNG) prices this summer. According to the report, the price has risen to a 4-year high above $ 18/MMBtu. This surpassed highs reached at onset of winter in 2011, but it is expected that price will be stable ahead in the future.
Indeed, a myriad of factors have contributed to supply and demand movements of LNG, and hence price change. These include high demand on LNG ahead of peak summer season, changes in LNG imports, varying economic performance across the world, changes in prices of crude oil, changes in gas storage capacity and political repercussions in the Middle East. The following is among the most important factors mentioned in the report.