The Race To Secure Long-Term LNG Contracts

Global LNG inventories may be at a record high amid weak demand but serious buyers are looking forward and sealing long-term supply deals to secure enough LNG for the future without exposing themselves to the fickle spot market. While Europeans may not be huge fans of long-term deals because of their transition plans, Asians definitely like their long-term LNG deals.

And so do the supermajors that will then sell this LNG to long-term-averse Europeans. Since the start of the year, long-term deals worth some 13 million tons annually have been closed,…