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LNG prices vary a lot around the globe, so, wherever they are highest is where the LNG ships will deliver it. Right now I believe Japan and other parts of Asia
by patrickg_zill 12y ago
LNG prices vary a lot around the globe, so, wherever they are highest is where the LNG ships will deliver it.
Right now I believe Japan and other parts of Asia pay a lot more for LNG than say, the USA does.
Actually this PDF shows the disparity quite nicely: http://www.ferc.gov/market-oversight/othr-mkts/lng/othr-lng-wld-pr-est.pdf http://www.ferc.gov/market-oversight/othr-mkts/lng/othr-lng-...
And with the location of the Prelude's operation being just north of Australia, you will note that the highest-priced areas are quite close by.