LNG buyers are paying $25-$28 MMBtu without flinching, PETRONAS says
UNG•PETRONAS CEO Tengku Muhammad Taufik said customers are paying $25 to $28 per million British thermal units for LNG as the Middle East conflict disrupts supplies. He said buyers may switch to other energy sources if prices reach $40 to $50 per MMBtu.
1. LNG price levels
Customers are paying $25 to $28 per million British thermal units for liquefied natural gas without flinching yet, PETRONAS CEO Tengku Muhammad Taufik said. He said people may start switching to other forms of energy if LNG prices hit $40 to $50 per MMBtu.
