Can price terms in previous LNG contracts survive the upheaval in today’s global markets?
An escalating sequence of events over the past three years are now driving today’s LNG markets - and severely testing business plans, agreements and expectations of the LNG business. Not only have we had to face a global recession but to do so concurrently with unprecedented reductions in gas demand, volatile pricing and a surge in new gas supply. The situation redefines the past neat labels of “buyers’ or sellers’ markets”. And with unprecedented conditions come new questions and challenges for both LNG producers and buyers to manage.
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