The chief executive of Japan’s JERA said liquefied natural gas, or LNG, prices may not have peaked yet and could continue to move higher, according to OilPrice.com.
The core takeaway from the report is that the LNG market still faces further upside price risk. The warning comes at a time when global energy markets remain highly sensitive to swings in fuel costs.
JERA is one of the major players in Japan’s energy market, so comments from its top management are typically watched closely by both buyers and suppliers.
Any further rise in LNG prices would matter for power producers, industrial users, and regional importers that depend on the global gas market.
OilPrice.com’s report centers on that assessment: in the view of the JERA CEO, LNG prices have room to climb further.
