Investors Are Looking Long Term In LNG Markets  ...Middle East

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Investors Are Looking Long Term In LNG Markets 
source : OILPRICE ( Middle East ) () 31
This winter saw something that made exporters of liquefied natural gas very happy: a more than a 1,000-percent surge in LNG prices on the spot market from a year earlier as a cold spell gripped swathes of Asia. What could make them even happier is the fact this surge has seriously compromised the appeal of spot market deals. Long-term contracts are reclaiming their territory. Traditionally, natural gas was bought and sold under long-term contracts pegged to the price of crude oil. This benefited sellers when oil was expensive and reduced their…

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