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Bitcoin Loses to LNG in Price Rally


by Bloomberg
|Wednesday, January 13, 2021
The North Asian LNG price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.
(Bloomberg) After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel.
The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin. ....

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LNG Cargo Prices Rising Faster Than Bitcoin


LNG Cargo Prices Rising Faster Than Bitcoin
Bloomberg
1/13/2021
Anna Shiryaevskaya, Andy Hoffman, Stephen Stapczynski and Sergio Chapa
(Bloomberg) After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel.
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The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.
Winners in this rally include Exxon Mobil Corp., which sold a cargo last week for a record $130 million to Japan, and Total SE, which secured $126 million on Tuesday in a sale to trading company Trafigura Group. Other producers, such as Royal Dutch Shell Plc and Houston-based Cheniere Energy Inc., are also tak ....

United States , United Arab Emirates , United Kingdom , Panama Canal , Sabine Pass , City Of , Richard Holtum , Sanfordc Bernstein , Oswald Clint , Kalpesh Patel , Arctic Ocean , Charif Souki , David Thomas , Sarah Behbehani , Exxon Mobil Corp , Oil Search Ltd , Royal Dutch Shell Plc , Jera Co , Kyushu Electric Power Co , Tellurian Inc , Trafigura Group , Gunvor Group Ltd , Benergy Solutions , Woodside Petroleum Ltd , Vitol Group , Cheniere Energy Inc ,