LNG market set for contracting boom
North American project developers hope for a bumper year for supply commitments
“We see 2021 being one of the largest LNG contracting periods in recent times, with the macro environment pushing buyers to enter into long-term contracts again.” So said Sarah Bairstow, chief commercial officer of liquefaction developer Mexico Pacific Ltd at the Petroleum Economist LNG to Power North America virtual forum earlier this month With the LNG market forecast by many analysts to rebalance by the middle of the decade, “buyers will focus on ensuring that LNG is available across that period of potential supply shortfall”, Bairstow predicts. And, given that new supply projects, particularly in North America, need long-term contracts to meet financing hurdles, she expects buyers to
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