How low could Asian spot LNG prices fall this summer?
Oh, that’s an easy one. As soon as single LNG cargos become impossible to sell, the price for those cargos will go negative. LNG is not oil – it’s a boiling liquid. Not dangerous but ephemeral. If you don’t use, it just goes away. But you need your vessel again t pick up the next cargo. As soon as this happens and a cargo is in distress, the seller will have to pay to get rid of it as there are not a thousand places where you can dump what you cannot sell. And they will charge you.
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