Sunday, March 27, 2022

Russia-Ukraine conflict: Surge in LNG prices deals blow to power units & refineries

The price of LNG in the spot market jumped from $6 per million metric British thermal unit (mmbtu) in January 2021 to $35 this January, and it has since been trading in the $30-38 range. The Japan-Korea-Marker, the Asian spot benchmark, was last trading around $34 per mmbtu. The last time the price was close to this was in 2014, when spot LNG had hit $22 per mmbtu.

from Energy-Industry-Economic Times https://ift.tt/KrJsfwv

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