{"id":444518,"date":"2021-10-23T10:19:29","date_gmt":"2021-10-23T04:49:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444518"},"modified":"2021-10-23T10:19:29","modified_gmt":"2021-10-23T04:49:29","slug":"top-gas-importer-sees-lng-price-surge-spurring-long-term-contracts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/top-gas-importer-sees-lng-price-surge-spurring-long-term-contracts\/","title":{"rendered":"Top gas importer sees LNG price surge spurring long-term contracts"},"content":{"rendered":"<p>NEW DELHI: Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of a top gas importer said on Friday.<br \/>\n&#8220;Such a volatility was never seen in the history of LNG markets. We have seen the lowest and the highest prices in the last one year,&#8221; AK Singh, chief executive of Petronet LNG , told the India Energy Forum by CERAWeek, an industry event.<br \/>\nAsia spot LNG prices dropped to a record low of below $2 per million British thermal units (mmBtu) in May last year when coronavirus-induced lockdowns depressed gas demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Surging liquefied natural gas (LNG) prices are pushing buyers to look at securing long-term contracts possibly with an option for a floor and ceiling price to hedge against extreme volatility, the CEO of a top gas importer said on Friday. &#8220;Such a volatility was never seen in the history of LNG markets. We have seen the lowest and the highest prices in the last one year,&#8221; AK Singh, chief executive of Petronet LNG , told the India Energy Forum by CERAWeek, an industry event. Asia spot LNG prices dropped to a record low of below $2 per million [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-444518","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=444518"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444518\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}