LNG market to break oil-linked gas price
The expanding global liquefied natural gas (LNG) market is likely to erode traditional oil-linked gas prices, if not break them completely, the Energy Charter Secretariat said on Wednesday
According to general secretary Andre Mernier, the global LNG market is expected to reach 450 billion cubic metres (cm), or 343 million tonnes of LNG, in 2015, compared with around 270 billion cm in 2008, with LNG volumes set to equal pipeline gas volumes in the next 20 years. “These trade dynamics also bring pressure for more flexibility, or will even break the link between oil and pipeline gas in long-term contracts,” he told the LNG Global Congress conference. A larger LNG market is expected to diversify supply sources and compete with pipeline supplies. Oil-indexation is already under pressure, with European hub prices significantly below these prices, making the traditional contracts eco
Also in this section
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
14 January 2026
Leading economies in the region are using oil and gas revenues to fund mineral strategies and power hyperscale computing
14 January 2026
The South American country offers stable, transparent and high-potential opportunities and is now ready for fresh exploration and partnership
13 January 2026
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
