Whatever happened to the rush for gas?
It was in February 2014, when most of the key gas pricing agencies reported a record in the spot price (price for immediate delivery) of LNG cargoes in Japan-Korea. Driven by the Fukushima crisis and the impairment of Japan’s nuclear plants gas, LNG has gained significant share in the country’s power generation mix being a relatively environmental-friendly fossil fuel. The sport price in that month? The more than extraordinary $20 per Mmbtu!