Growing global gas demand to end Asian LNG spot market?
Experts question whether the nascent spot market for liquefied natural gas (LNG) in Asia could disappear if excess supply replaces nuclear in Germany and Japan
Natural gas has traditionally been bought and sold via long-term contracts of as much as 20 years, linked to the price of crude oil. However, an abundance of natural gas in recent years – thanks in part to increased supply in the US from shale resources – has encouraged the development of an Asian LNG spot market.
“My view is that the LNG market has left phase one – very long-term contracts of as much as 20 years historically between mostly Middle East suppliers and Asian buyers,” says Rodney
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