Wednesday, November 26, 2014 11:28:24 AM
I still hang in there but hurt current paper profit.
India in a sweet spot as LNG prices crash in Asia
Ramkrishna Kashelkar,
Spot LNG prices are plunging and are expected to fall further notwithstanding the onset of winter, which traditionally drives prices higher. The fall is not just an outcome of drop in oil prices, but also a strategic shift in the demand-supply balance, and augurs well for Indian consumers.
"KOGAS in South Korea has been diverting some of its long-term contractual obligations. Similarly, utility buyers in Japan are well-balanced now. The demand from Taiwan and China, too, has been relatively slow. This has disturbed the supplydemand balance," said Roman Kazmin, editor of ICIS LNG Market Daily, a global publisher of pricing data.
http://articles.economictimes.indiatimes.com/2014-11-25/news/56455711_1_lng-prices-oil-prices-sweet-spot
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