LNG Falls Faster Than Oil as U.S. Fracking Spurs Glut Growth
- Northeast Asia price may fall 25% next year, survey shows
- U.S. exports to ramp up next year as Australia adds output
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Spare a thought for anyone who bet on a recovery in liquefied natural gas prices after last year’s 45 percent plunge.
LNG to northeast Asia, home to the world’s biggest consumers, plunged 27 percent this year, outpacing Brent’s 23 percent slump as of Wednesday. While analyst estimates compiled by Bloomberg show that crude will recover in 2016, prices for the super-chilled fuel will probably extend declines by as much as 23 percent, according to a survey by Bloomberg.