KUALA LUMPUR: The world's liquefied natural gas (LNG) industry is entering a new phase and traditional buyers like Japan, South Korea and Taiwan should explore options with producers like Malaysia to narrow the commodity's price gap in regional markets, says Malaysia LNG Sdn Bhd managing director Ahmad Nizam Salleh.
He said the new phase was characterised by the price of crude oil soaring to US$60 to US$70 per barrel and higher growth in demand for LNG due to the depletion of existing gas supply.
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