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Global natural gas buyers are still signing long-term LNG contracts despite cooling market volatility and lower prices
But, with liquefied natural gas exporters still looking to ink deals for the massive capacity additions they’re developing through the end of the decade, the terms of contracts this year could portend a continued market shift to affordability over security.
“It’s central to everything right now, as price expectations in the market are moving from what were historically closer to oil parity compared to LNG to pricing that’s closer to coal plus carbon parity,” Columbia University’s Ira Joseph, a global fellow at the Center on Global Energy Policy, told NGI.
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