LNG Buyers are Paying $25-$28 MMBtu Without Flinching, PETRONAS Says

(Reuters) – Customers are paying $25 to $28 per million British thermal units for liquefied natural gas without flinching yet, as the Middle East conflict has disrupted supplies, PETRONAS CEO Tengku Muhammad Taufik said on Monday.

If the LNG price hits $40 to $50 per MMBtu, people may start switching to other forms of energy, Muhammad Taufik told reporters on the sidelines of the Energy Intelligence Forum in London.

Reporting by Stephanie Kelly and Shadia Nasralla Editing by Tomasz Janowski

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