Petronet: LNG prices to slide to US$13.50

摘要

Petronet LNG expects prices for long-term LNG deals to ease in the next few years, Reuters reported July 31. "We see a little softening of prices in spot and short-term deals, and we expect long-term prices to also soften," said Petronet chief A.K. Balyan. According to the company, increased supplies from the United States, Australia, Africa, and the Mediterranean will push spot prices downward from US$18/MMBtu to around US$13.50/MMBtu.