The slump in the spot price of liquefied natural gas (LNG) in Asia to its lowest in three years should give pause for thought to the slew of companies planning new ventures to produce the super-chilled fuel. But it probably won’t. The spot price for LNG delivered to Northeast Asia dropped to $4.65 per million British thermal units (mmBtu) in the week to March 21, the lowest since May 2016. It’s been an unusual northern winter for LNG, with the price peaking at $10.90 per mmBtu in November and steadily sliding since then. The more normal seasonal pattern is for spot LNG prices to peak around January before slipping in the shoulder season of spring, with the seasonal winter climb starting sometime in the third quarter. The fact that LNG prices have […]