More developments are underway that show just how far global liquefied natural gas (LNG) markets have progressed in the last five years. Until recently, the super-cooled fuel was mostly bought and sold via restrictive long-term off-take agreements where the buyer usually signed up for 15 or 20-year deals that helped producers finance massive capex projects. However, in the last few years, as more supply hit the market, a long-term supply overhang developed that not only put downward pressure on prices but gave buyers more options as well as more leverage in contract negotiations. In addition to more supply flooding the market, a robust spot market for LNG in Asia has been developing which has seen buyers, for example, Tokyo Gas and several others, also become traders. LNG trade to spike by 11 percent Now, global LNG trade is poised to become an even bigger part of the global energy […]