LNG

Jan 7 (LNGJ) - The price of oil-linked LNG has taken a further hit as the price of North Sea Brent crude dropped to an 11-year low on concern about global over-production, huge storage surpluses and lower future demand from China because of economic woes. The global oil price has dropped about 70 percent since mid-2014. The price of Brent crude was last at $33.10 a barrel, while the LNG Journal Asian Delivered Oil-Linked LNG Indicator was last at $7.60 per MMBtu.