Save for later Print Download Share LinkedIn Twitter Turbulence in global LNG markets would normally offer big trading houses an ideal opportunity to make huge margins on buying and selling cargoes. These aren't normal times. The collapse in LNG demand and prices that has accompanied the spread of the coronavirus has been so spectacular, with spot cargoes now changing hands in Asia at unheard-of lows of less than $2 per million Btu, that traders are becoming nervous about getting caught out. At the same time, arbitrage opportunities are vanishing because of the growing convergence between Asian and European prices. "Some traders will definitely see this an opportunity, but with prices crashing there is a high element of risk," a market participant says.
