Traders spot opportunity as LNG price dips to record low
It’s bargain time in the liquefied natural gas (LNG) market. After prices plunged to their lowest on record for this time of year, traders say buyers from Japan to India have started to snap up cargoes in anticipation of a pickup in winter demand.
Procurement for the colder season is only expected to intensify over what’s left of the summer.
“We have likely reached bottom,” Sanford C. Bernstein & Co. analysts, including Neil Beveridge, said in a report.
