Traders Spot Opportunity With LNG Prices at Rock Bottom
- Frenzied LNG buying seen ahead of higher seasonal demand
- Expanding global supply will likely curb price gains
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It’s bargain time in the liquefied natural gas 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.