Boom! LNG spot prices rocket to record levels [LNG Condensed] Feb 11, 2021 12:35:pm Summary Just when you thought it was safe to go back in the water, severe cold across much of northern Asia has boosted short-term LNG demand, sending spot prices for LNG and LNG carriers sky-rocketing. However, this represents a temporary period of volatility, exposing limitations in the LNG supply chain’s ability to respond to peak demand events, with markets likely to settle towards the end of the first quarter. The LNG market will remain over-supplied in 2021, but the rebalancing process will gain pace in 2022 as higher demand emerges from post-pandemic Asia. [LNG Condensed Volume 3, Issue 1 - January/February 2021]