Softening LNG Price Jeopardises New Projects
BMI View: Tumbling LNG prices in the Asian market will put pressure on new and pre-FID LNG projects around the world. The m ediocre LNG demand outlook is being met by strong supply from new projects , bringing down the high LNG price dynamics of the previous three years .
Asian liquefied natural gas (LNG) prices have reached their lowest level in over three years as Japanese and Korean demand wanes and new LNG supplies come online. Platts JKM LNG price benchmark moved under the USD11 per million British thermal units (mnBTU) in July 2014 for the first time since spring 2011.
Weak Demand From Key Customers
|Henry Hub, NBP And JKM LNG Price (USD/mnBTU)|