August 21, 2020
The problems at Gorgon have helped support Asian spot LNG prices, which have reached record lows this year because of the Covid-19 pandemic, Poten & Partners’ Jason Feer, global head of business intelligence, told NGI.
“It’s taken more than 1 million tons off the current market just as demand is rising and the market is coming into balance a bit more,” Feer said. “The outage should be offset by more U.S. supply over the next month or two as the arbitrage improves.”
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