The gap between prices for domestically produced gas and those for imported LNG in Asia's emerging markets is slowly closing, as governments raise prices for their own gas and the tab for new term LNG supplies softens — if only slightly (WGI Jun.9,p1). Theoretically, a smaller price advantage for domestic gas should improve prospects for LNG. But this may not turn out to be the case any time soon, given import infrastructure constraints, the greater domestic production that may result, and the intricacies of price pooling arrangements.
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