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APAC Energy Buzz: Making sense of Asia’s sky-high LNG prices
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Asian spot LNG prices went into orbit last week as cold weather, supply constraints and a tight chartering market all drove up demand. But this wasn’t just about fundamentals. Asian buyers were also faced with a major LNG liquidity crunch. It really was the perfect storm. How did the industry call the market so wrong? Why didn’t coal, nuclear and oil fill the gap? And what will be the impact on prices through the rest of 2021?
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