Related Articles
Forward article link
Share PDF with colleagues

JKM globalises the gas market

In Asia, an increasingly liberalised LNG market has enabled the region to mitigate a lack of interconnected pipeline infrastructure

LNG liberalisation—the move from a procurement structure to one that is market-based—has globalised the natural gas market, creating a virtual pipeline between continents. On the supply side, the shale gas revolution turned the US into a net gas exporter, while independent terminal developer Cheniere’s pioneering business model of selling LNG on a free-on-board (Fob) basis indexed to a gas benchmark is widely credited as a catalyst for the change in market structure. For LNG buyers, the unwinding of long-term legacy LNG contracts and access to US gas that held, initially at least, a large discount to price levels in the demand centres of Europe and Asia further precipitated this development



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Schlumberger pivots portfolio towards net zero
25 June 2021
Firm sets aggressive new 2050 decarbonisation promise with rare scope three emissions detail
Australia to subsidise remaining refineries
24 June 2021
Concerned about supply security, Australia plans to fund its last two refineries standing for at least the next six years.
Letter from Australia: Upstream industry commits to net zero
24 June 2021
Climate and carbon dominated the recent Appea conference
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video