By Adnan Bajic LNG producers with short-run marginal costs (SMRCs) that exceed spot prices are increasingly looking to curtail production.
Illustration purposes only (Image courtesy of Cheniere)
Such moves are being considered as global liquefied natural gas (LNG) benchmark prices continue to fall due to oversupply on account of Covid-19.
An analysis by the independent energy research company Rystad Energy finds that those best positioned to reduce volumes while suffering the least possible financial damage are APAC LNG terminals. Specifically, the Eastern Australia projects and NWS LNG, plus some US plants that have been operational for a longer period of time such as Sabine Pass and
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