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Commodities Briefing - Categorized | Market Moves, Oil more

IEA sees Asia paying less for LNG as prices converge

Posted on 23 November 2012

Asia should benefit from the convergence of global liquefied natural gas markets amid signs of change for its pricing structure linked to oil, the head of the West’s energy watchdog told Reuters on Thursday.
Gas has historically been pegged to the oil market through long-term contracts, because both fuels used to be produced by the same exporters and were often used in the same industries………………………………………..Full Article: Source


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