LNG

French law firm De Gaulle Fleurance and Associés has released the first standard terms and conditions for the sale and purchase of liquefied natural gas, offering a more efficient way to trade LNG on the spot and short-term markets.

The continuation of a trend towards smaller volumes and shorter tenures for liquefied natural gas supply contracts highlights the growing commoditization of the global LNG market even as it raises troubling questions about future supply, according to a US analysis.