The financial prospects for liquefied natural gas (LNG) ‒ once one of the globe’s hottest energy commodities – seem to be imploding before our eyes.
The financial prospects for liquefied natural gas (LNG) ‒ once one of the globe’s hottest energy commodities – seem to be imploding before our eyes.
In the most recent step in a monumental market meltdown, front-month LNG futures prices in Asia settled on April 23 at just $2.05 per MMBtu. As recently as a year and a half ago, LNG sold for as much as $12 per MMBTU in Asia – meaning that LNG prices today are just one-sixth as high as they were in the fall of 2018.
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