MARKET INSIGHT Asian Spot Prices Start Breaking Link to Oil

摘要

Oil prices' influence over Asian spot LNG prices could slowly be eroding, with the current recovery in oil prices running counter to global LNG market fundamentals that look likely to keep spot prices low for the next few years. Not only that, Asian spot prices are becoming more sensitive to movements in the UK's National Balancing Point (NBP), which is effectively functioning as the global floor price.