“According to Platts, Asian [LNG] prices – known as the Japan Korea Marker (JKM) – have plummeted to $10.92/MMBtu for August deliveries, and in Europe LNG prices have slipped as well, down to $8.11/MMBtu in Northwest Europe and $8.61/MMBtu in Southwest Europe.
As Henning Gloystein of Reuters notes, U.S. exporters would need a European price of at least $9/MMBtu and an Asian price of $10.65/MMBtu to be profitable. With the European and JKM benchmarks fluctuating right around those breakeven points, many corporate executives considering exporting LNG may have to rethink their business plans.”
Falling LNG Prices May Hinder U.S. Export Plans
By Nick Cunningham Mon, 14 July 2014 21:46
2)dividend paying companies are there in the S&P 500?