PETRONAS adopts hybrid LNG pricing

Wednesday, 02 June 2021 21:37

Malaysia’s state-owned PETRONAS has shown flexibility towards long-term LNG buyers by adopting hybrid price formulae. Some of the recently concluded sales agreements with Chinese buyers are based on China’s domestic LNG Truck prices, and a spot cargo from Bintulu, Malaysia was sold under a new ICE NGX index (AECO); our Markets Editor Anja Karl was told.

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