LNG spot trading continues to surge
LNG spot trading is setting new records and in its ‘true’ form has more than doubled since 2016, according to the latest data from GIIGNL
The global LNG business broke several records last year. One of the most significant was another surge in what importers’ group GIIGNL calls ‘true’ spot trading, where delivery occurs in 90 days or fewer after the transaction, which was up 21pc year-on-year and 102pc on 2016. The surge highlights the increasing commoditisation and sophistication of the industry, driven largely by the growing role of portfolio players such as Shell and Total, as well as commodity traders such as Vitol and Gunvor. Amid the doom and gloom of the Covid-19 pandemic and plummeting oil and gas prices, the latest state-of-the-business report from GIIGNL is rare cause for celebration, quantifying as it does the indus
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
