Hormuz Disruption to Keep LNG Spot Prices Elevated Through 2030
NextDecade's CEO Matt Schatzman told analysts that the prolonged closure of the Strait of Hormuz has shifted the outlook for the global LNG market.
The disruption is expected to keep spot prices elevated through 2030, according to Schatzman.
Henry Hub prices are relatively subdued compared to the rest of the market, but interest in NextDecade's Rio Grande LNG project remains high.