Asian LNG Prices Could Soar Amid Tighter European Market

The price of liquefied natural gas in Asia could surge to above $20 per million British thermal units this winter as supply tightens in Europe, Goldman Sachs has predicted. “That's the near term dynamic, given this vulnerability of Europe, the lack of spare capacity, the loss of the residual Russian volumes currently going through Ukraine, and I should say, a colder than average start of the winter,” the co-head of global commodities at the bank, Samantha Dart, said as quoted by Reuters. For the past two years, Europe has been lucky...