Related Articles
China’s LNG demand will grow by 11mn t this year, Wood Mackenzie forecasts
Forward article link
Share PDF with colleagues

Asian LNG market embraces short-term contracts

Buyers are becoming less keen on being locked in for the long term amid a rapidly evolving market and rising demand

Asian LNG buyers—including a new crop of importers from China—are increasingly demanding shorter-term contracts that span just several years, but there is still a time and place for long-term contracting in the market despite increased spot liquidity, executives said at a June industry conference in Shanghai. “In the earliest stage of the LNG market, we saw more 20-25-year long-term contracts, but now requirements have changed, and some are saying they prefer three-to-five-year contracts,” Ma Shenyuan, a senior adviser to US LNG project developer Tellurian, told the China LNG & Gas International Exhibition & Summit. “Of course, there are still some Chinese buyers requesting five-to-

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Beijing strives to balance security and decarbonisation
15 October 2021
The ongoing global energy crunch underlines the difficult task facing China’s leaders in balancing energy supply security while reaching net zero in the next 40 years
Occidental exits Ghana
15 October 2021
The US super-indie is divesting its assets in the country
Gran Tierra cranks up the gears
14 October 2021
Midstream takeaway has returned to normal in Colombia, paving the way for production growth opportunities
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video