The decline in LNG prices has recently attracted buyers from emerging economies in Asia and South America who were unable to afford sky-high prices last year. Southeast Asia and Latin America were the biggest buyers of spot LNG for a second consecutive quarter in the first quarter, according to estimates from BloombergNEF. In Southeast Asia, the Philippines and Vietnam have recently purchased their first-ever LNG cargoes. Earlier this year, South Asia returned to the spot market for liquefied natural gas (LNG) as prices dipped to the lowest in…
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