Biggest Oil-Gas Premium May Spark LNG Exports: Energy Markets
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Crude’s biggest premium to natural gas is boosting the allure of shipping gas from North America to international buyers saddled with a 40-year-old system that links the fuel to the cost of oil.
The ratio of Brent crude to natural gas was about 27-to-1 today, based on oil futures prices on the ICE Futures Europe exchange in London and gas on the New York Mercantile Exchange. It touched a record of more than 31-to-1 on April 8. The average during the past decade is about 10-to-1.