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Sunday, December 3, 2023

Coronavirus Inflames LNG Headaches

The lingering side effects of the coronavirus outbreak has further distressed liquefied natural gas (LNG) exporters that were already ailing from a saturated global market and historically low prices.

After originating in China, the world’s second largest LNG importer behind Japan, the deadly virus was spreading across the globe by late winter, trimming industrial demand and compounding a dismal pricing environment. Since the beginning of the year, Asian LNG prices have dropped nearly 50%, with March spot prices on the Platts Japan/Korea Marker (JKM) falling below the previous record low of $3.65 MMBtu, according to Jack Fusco, president and CEO of Cheniere Energy, the largest U.S. LNG exporter.

Read more at Work Boat


Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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