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Spot LNG at record high: LNG supplies to India crash
Jan 13:
The line-up of LNG vessels coming into India suddenly looks far shorter than before.
8Why is that so?
8It is quite possible that spot cargoes have completely dried up, now that spot rates are at $20/mmbtu.
8And only term cargoes, at crude linked or Henry Hub linked pricing, are coming in.
8According to studies made, Indian appetite for absorbing incremental gas at large enough volumes is at a price range of around $6-7/mmbtu, beyond that point, its appetite wanes.
8At $20/mmbtu JKM price, there will be zero buyers for gas.
Click on Reports for more.
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8Why is that so?
8It is quite possible that spot cargoes have completely dried up, now that spot rates are at $20/mmbtu.
8And only term cargoes, at crude linked or Henry Hub linked pricing, are coming in.
8According to studies made, Indian appetite for absorbing incremental gas at large enough volumes is at a price range of around $6-7/mmbtu, beyond that point, its appetite wanes.
8At $20/mmbtu JKM price, there will be zero buyers for gas.
Click on Reports for more.
