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S&P Global Platts says 2016 showed substantial price convergence between regional gas markets, which may point to a truly global gas market. It notes that the Japan Korea Marker is gaining traction as an LNG benchmark and that oil indexation is being rethought.
Platts forecasts Asian LNG production to rise 16% in 2017 while demand grows 6%.
Pricing shifting away from oil indexation changes how energy costs pass through to fuel and fertilizer. Stronger Asian LNG demand could tighten global gas supply.
bpnews.comBPN StaffFeb 27, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
