US LNG: shifting focus

摘要

In September 2014, spot and contract prices for Asian LNG were around US$15/million Btu, an attractive target for dozens of new US export project developments. Fast-forward into 2015 and Asian LNG prices have collapsed to half that level. The LNG spot market is swamped with surplus cargoes and the decline in crude oil prices is dragging down long-term contract prices.