Lower oil slows LNG pricing evolution: Mitsui

With Brent in its current range, a major seller to Asian buyers questions the current appetite to move away from the oil link

Japanese conglomerate Mitsui is unconvinced that there is significant current clamour from Asian LNG buyers to move away from oil indexation with oil prices seemingly largely rangebound.  Eiji Yanagawa, president at Mitsui & Co Energy Market Services, shared his views on the current state of the LNG market with Petroleum Economist at September’s Gastech conference in Houston.  How do you see Mitsui’s role in the LNG market generally?    Yanagawa: Traditionally, Mitsui is a Japanese-based company. Our main role has been to price LNG to Japanese and Asian buyers. Also, we have a good access to financing–especially Japanese governmental financing—so we can contribute to LNG project developm