Is a 10-year deal the new “long term” duration for LNG SPAs?
Thursday, 02 September 2021 06:10
The tenure of long-term LNG Sales and Purchase Agreements (SPAs) has decreased materially in recent years, down from around 20 years to currently 10 years or less. International law firm White & Case’s Asia-based lawyers Tim Fourteau, Alex Woody and Yun Yong say one reason behind this trend is the growing role of traders and aggregators, who closed around half of the 10-year SAPs in 2021.
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