You are here

Oil slide to extend biggest LNG drop in 5 years

Thursday, January 29, 2015 - 05:50
BT_20150129_DNLNG29_1485144.jpg
Most LNG in Asia is linked to crude costs with a time lag of several months, so Brent's 49 per cent drop in the second half of 2014 hasn't fully filtered into prices.

London

OIL'S slump is set to extend the biggest drop in liquefied natural gas costs in five years, spurring demand in emerging Asian economies.

LNG prices in Japan, the world's biggest buyer of the fuel, will probably plunge 35 per cent in 2015 and Indian costs will decline 33 per