INVERTED LNG MARKET
HP wrote, the global LNG market has been turned upside down. In less than two years, the LNG marketplace has switched from a seller's market to a buyer's market. LNG buyers have gained more leverage due to a glut of liquefaction capacity and stagnant demand; spot and short-term purchases are gaining market share against long-term contracts; and LNG buyers are demanding better pricing and flexibility clauses within their supply contracts.
How could these market trends change so rapidly? We must…
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