LNG spot prices in the region last winter peaked at US$20.2 per million British thermal units however prices today are below US$10 per million Btu.
The collapse in oil prices has “taken everyone by surprise”, according to LNG consultant Andy Flower.
He told the OSEA2014 conference that the US$40 per barrel slide in the oil price had translated to a fall of US$6 per million Btu in Asia’s LNG price.
“Asia
