Assertive buyers ask for reworked terms of long-term LNG imports, making use of their rising bargaining power increases as a wave of new supply from the US and Australia enters a subdued global gas market. ‘Homeless LNG’, estimated to amount to up to 50 mtpa by 2020, is prompting Indian and Japanese buyers to ask for changing terms of trade of LTCs to better match spot rates. Resale of excess cargoes through swaps is yet another trend to reign in the LNG glut.
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