RPT-Oil-linked LNG may be here to stay after spot market skyrockets
* LNG spot price volatility to up appeal of oil-linked contracts * Buyers more keen on oil-linked long-term contracts now - source * LNG price lower than oil but volatility higher - analysis SINGAPORE, Jan 14 (Reuters) - A blistering 1,000% rally in Asian spot liquefied natural gas (LNG) prices since July has undermined buyers’ enthusiasm for relying solely on the spot market, and means archaic oil-linked contracts are here to stay, industry sources told Reuters. Asian spot LNG prices LNG-AS dropped to as low as around $1.85 per million British thermal units (mmBtu) in May last year as coro...
Source: reuters.com