LNG: Oil shock boosts fuel-switch economics – ING
ING economists Gerben Hieminga and Rico Luman argue that the Middle East conflict and closure of the Strait of Hormuz have sharply lifted oil-based bunker costs, improving LNG’s relative appeal.
The rise in oil-based bunker costs is likely to lead to increased demand for LNG as a more cost-effective alternative, which may push LNG prices higher. Conversely, oil prices may face downward pressure due to reduced demand for oil in favor of LNG.
ING economists Gerben Hieminga and Rico Luman argue that the Middle East conflict and closure of the Strait of Hormuz have sharply lifted oil-based bunker costs, improving LNG’s relative appeal.
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