February 03, 2021

MGA Speaks to The Edge on Gas Market Supply

On 3rd February 2021, The Edge published an article titled "Local manufacturers enjoy low gas prices, but not for long".  In the article, MGA said that gas tariff “should consider the whole gas supply and pricing ecosystem and not be limited to an opportunistic reaction towards LNG spot pricing”.  According to the Edge article, the Asian LNG market has experienced much volatility in pricing, the LNG Japan/Korea Marker (JKM) has risen to USD 19.695/MMBtu on 11th January 2021, compared to only USD 5.815/MMBtu on 19th November 2020.

The Article