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{"id":26333,"date":"2021-02-02T11:49:41","date_gmt":"2021-02-02T03:49:41","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=26333"},"modified":"2026-01-09T16:15:12","modified_gmt":"2026-01-09T08:15:12","slug":"big-lng-boost-for-malaysia","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/big-lng-boost-for-malaysia\/","title":{"rendered":"Big LNG boost for Malaysia"},"content":{"rendered":"\n

Malaysia and its national oil company Petroliam Nasional Bhd (Petronas) are expected to benefit from the recent spike in gas price.<\/p>\n

The Asian liquefied natural gas (LNG) spot price has been rallying over the past two months and soared more than 18 times to a record high of US$32.50 per million British thermal units (mmBtu) from the April 2020 low of US$2.40 due to the freezing winter in North Asia and Europe, as well as unexpected supply issues.<\/p>\n

Asian LNG spot prices have outpaced that of Europe and the United States.<\/p>\n

According to a report by Reuters, US gas futures for February at the Henry Hub benchmark currently trade at around US$2.60 per mmBtu, while in Europe, prices at the Dutch TTF hub are around US$10 per mmBtu.<\/p>\n

Petronas is the largest LNG exporter in South-East Asia and the third-largest in the world. In 2019, Malaysia’s LNG exports accounted for 7% of LNG exports worldwide, according to data provided by BP’s 2020 Statistical Review of World Energy.<\/p>\n

Click here to read more.<\/a><\/span><\/strong><\/p>\n

SOURCE: The Star<\/a><\/span><\/strong><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"