Recent steady increases in Asian spot LNG prices have set off alarm bells: As winter purchasing momentum builds, will prices again soar above $20 per million Btu, as they did in 2008 following the July 2007 closure of Tokyo Electric Power Co.'s (Tepco) big Kashiwazaki-Kariwa nuclear power complex due to an earthquake (WGI Jul.25'07,p7)? Might spot prices even exceed oil parity? There is little consensus on the matter, with buyers and sellers sharply split - not surprisingly.
展开▼
