Shorter contracts and sweeter deals – signs of a buyers’ market

Wednesday, 02 March 2016

Keen to maintain market share in oversupplied LNG markets with record low prices, Qatar now lures leading buyers by offering short duration cheap ‘teaser deals’ as it seeks to open opportunities for more strategic 20-year sales. After RasGas conceded to contract renegotiations with Petronet, Asian buyers are now mounting pressure on Woodside Petroleum which will see major long-term supply contracts expiring over the next few years. 

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