A resurgence in LNG contracting is expected to result in many more deals being signed in the coming months as LNG importers in Asia and Europe, portfolio players and trading houses look to lock in long-term LNG prices before they start to rise again. Asian LNG importers are seeking the protection of long-term contracts due to the volatility of spot markets, while European energy companies and utilities are looking to tie up gas supply to replace Russian volumes in the years ahead. The market has decidedly moved in favor of LNG sellers. The narrative being pushed by LNG producers, both US LNG exporters and oil-linked producers like the Middle East, is that if Asian buyers do not lock in volumes in the next few months for post-2025 supply, they will lose out to Europe. Some deals between South Korean importers and US LNG suppliers were announced at the World […]

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