Winter fails to fire up global gas markets
Pyeongtaek LNG terminal, South Korea. Asian spot LNG prices have halved compared with last winter. (Kogas)
Gas prices across the world’s largest markets are still in the doldrums despite winter being in full swing, as mild weather and growing supply threaten to extend bearish sentiment well into 2015.
“The last, best hope for price support – colder-than-normal weather – has failed to emerge in a sustainable fashion in Asia, Europe or North America for a sustainable period of time, driving down spot prices to all-time lows,” PIRA Energy said at the end of December.