Inter-Basin Spread LNG
Can anyone explain to me what an inter-basin spread is in LNG and what it means for the overall industry now that it is positive? My (rudimentary) understanding is that it is simply the difference in spot price of LNG at different basins, this particular time being Platts JKM (delivered to NW Asia) and Dutch (European). Given this, what does this imply for the industry. I have struggled to find this online, and simply want to gain a better understanding of the industry.