High LNG price sends chill up buyers’ spines

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 16 : 6-Jan-21

Credit Suisse energy analyst Saul Kavonic says it is possible that there will be a return to double-digit domestic gas prices in 2021. His comments are on the back of North Asian LNG spot prices rising to a six-year high, due to a combination of a supply squeeze and freezing winter temperatures, while the Australian Competition & Consumer Commission is predicting a LNG netback price in February of $15.52 a gigajoule, 78 per cent higher than January.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, WOODSIDE PETROLEUM LIMITED – ASX WPL, ORIGIN ENERGY LIMITED – ASX ORG, SANTOS LIMITED – ASX STO

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