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Gas prices likely to hit multiyear low in 1HFY21

Updated : February 20, 2020 11:45 AM IST

The global LNG prices are currently close to historic lows, with prices of the spot cargos at $3/mmbtu vs the long term contracts entered into by the companies at almost double the price at $6-8/mmbtu.
Experts expect the downtrend to continue due to favourable global natural gas demand-supply; large addition of LNG capacity; and increasing proportion of LNG in traded gas.
Gas prices likely to hit multiyear low in 1HFY21

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