LNG trade: IGX volume on the rise, with prices up to 30% below spot rates

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The prices on IGX dropped to a low of $6.1/mmBtu in April 2021 when spot LNG was at $10/mmBtu. IGX contract prices have since consistently increased in tandem with the rise in crude oil price and LNG in international markets but have remained lower than the spot LNG prices in the range of $5 to $20/mmBtu.