Asian LNG spot price can fall below $3/MMBtu this year

This is like pouring acid into the swimming pool. How does anyone justify any FID with those prices? I remember when Europe was around USD 10 and suppliers just gave me pitiful looks when I asked them to consider the European market. All of them must feel like fools now as Europe will probably be higher than Asia quite a number of times for the next 5 years. Maybe longer. How does anyone deal with such a supply shock? Start doing the things you have laughed at a few years ago. Like developing the LNG for vehicles market. Oh, you thought that happens without your doing. It will, but slower. I thought you are in a hurry!

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