Insight
Asian LNG pricing and low oil prices
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Report summary
Asian LNG pricing is impacted by lower oil prices in different ways – they impact prevailing contract prices because most Asian LNG contracts are linked to oil; they impact the price of spot LNG through the interplay of contract prices and crude costs; and they could impact future oil indexed long term LNG contracts through impact on their economics.
Table of contents
- Executive Summary
-
Prevailing spot prices and contract prices
- Lower oil prices provide soft ceilings to LNG spot prices in Asia
- Contract prices will remain high and buyers will maximise spot purchases of LNG
- Expect some demand growth and some supply curtailment
- Asian LNG spot prices should have bottomed out for now, but new lows could be tested next summer
-
Future long term contract prices
- Oil indexed long term contracts - context
- Impact of low oil prices on oil indexed contracts
- Impact of low oil prices on US LNG
- Chart 3: LNG price* comparison
- Conclusions
Tables and charts
This report includes 3 images and tables including:
- Chart 2: Japan on-grid oil generation output
What's included
This report contains:
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