Around about now it would be normal for the price of spot liquefied natural gas (LNG) in Asia to start rising ahead of the northern winter, but these are far from normal circumstances. It’s hard to imagine a more bearish set of circumstances facing LNG suppliers, and it’s about to get worse with exports ramping up from Australia’s latest plant and the start of commissioning of the first of a wave of new units in the United States. In previous years, the spot LNG price in Asia has shown clear seasonal movements, even within the broader price trends, generally gaining ahead of the northern winter and summers, before weakening in the spring and autumn. But this year the price has shown no seasonality, remaining within a […]