The development of a short-term market in LNG has been widely discussed. Since 2011, there has been a downward trend in the average size and duration of liquefied natural gas (LNG) contracts. However, by conducting a more detailed analysis, CRA has found that this trend is not universal. In particular, for sales to the Asia Pacific region, the destination for the vast majority of new contracts, contract terms have remained largely unchanged since 2011.
In this first in a series of articles, CRA consultants Herb Rakebrand, Christian Jeffery, and Laura Sochat explore developments in the global LNG industry. The authors aim to explain current LNG market dynamics, as well as assess potential directions that the LNG market could take.
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