“They’re cheap fifa 14 coins running gas plants at maximum capacity now, buying time for rains to help replenish water reservoirs,” said Javier Diaz, an analyst at Bentek. “It’s a smart move, otherwise it would be a disaster if they suffer with power outages during the World Cup.”
In Argentina, South America’s biggest LNG importer, the fuel cost 17 cents less per million British thermal units than in Japan last month, according to Energy Aspects Ltd. in London. That compares with a $1.65 discount in February. Petrobras bought spot LNG at $18 to $19 in February and is paying $15 to $16 now, said Marco Tavares, the chairman of Gas Energy, a Rio de Janeiro-based research company.
LNG cargoes for delivery in four to eight weeks rose to a record $19.70 in northeast Asia on Feb. 3 and fell to $14.70 on April 21 as more supply became available, according to www.eafutcoins.co.uk assessments by New York-based World Gas Intelligence.
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