Oil isn’t the only commodity whose price has crashed in recent months. Liquified natural gas (LNG), often linked to oil in its long-term contracts, has dropped off a cliff as well, and that could have some big geopolitical implications. It starts in Asia, where for years buyers have paid a premium over other regions for the hydrocarbon. But as Reuters reports, slack demand and slow growth have LNG producers looking elsewhere for buyers willing to pay top dollar for their cargo:
Asia’s spot LNG prices have fallen two-thirds since February 2014 as a 60 percent fall in oil prices undercut energy …read more
Source: The American Interest
