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Asia pushes for free-market liquefied natural gas

2013-06-07 15:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: Liquefied Natural Gas (LNG) prices have long been linked to the price of oil--with gas priced at roughly 13% or 1/8th the price of Brent, with the details determined in confidential contract negotiations. Asian consumers are tired of this linkage, especially since it has meant prices that are four times higher in Asia than in North America. In fact Japan spent US$75.4 billion on LNG last year, paying an average price of US$16.60 per million BTU--while gas prices in the United States averaged...

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