# Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues | S&P Global

> Chinese buyers Foran Energy and ENN signed regasified LNG pipeline contracts with BP linked to the JKM benchmark plus a premium. The deals may start a shift toward gas-on-gas pricing in China, away from oil-linked contracts.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Gas pricing decoupling from oil changes how Chinese energy costs track global LNG benchmarks, with limited direct effect on feed commodity prices.

## Read by commodity

- WTI: neutral
- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-03-28 | [US gas prices to be increasingly linked to international markets through LNG](https://feedsoft.ai/events/31397-us-gas-prices-to-be-increasingly-linked-to-international-markets-through-lng.md) | +13.4% | -1.3% |
| NATGAS | 2024-01-29 | [Changing LNG, oil fundamentals forces global rethink on contract base](https://feedsoft.ai/events/32296-changing-lng-oil-fundamentals-forces-global-rethink-on-contract-base.md) | -19.2% | -34.6% |
| NATGAS | 2024-04-26 | [Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices](https://feedsoft.ai/events/30924-equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices.md) | +18.9% | +71.3% |
| NATGAS | 2023-04-24 | [Volatility Still Lurking in Global Natural Gas Markets Despite Easing Prices](https://feedsoft.ai/events/36593-volatility-still-lurking-in-global-natural-gas-markets-despite-easing-prices.md) | +5.5% | +11.7% |
| NATGAS | 2019-01-24 | [JKM reveals three surprises in 2018 as LNG's commoditization accelerates \| S&P Global](https://feedsoft.ai/events/61275-jkm-reveals-three-surprises-in-2018-as-lng-s-commoditization-accelerates-s-and.md) | -4.2% | -11.2% |
| WTI | 2022-10-17 | [Oil steady as recession woes counter positive Chinese signals](https://feedsoft.ai/events/39285-oil-steady-as-recession-woes-counter-positive-chinese-signals.md) | -0.7% | +3.7% |
| WTI | 2017-12-01 | [Crude oil prices to be under pressure in first half of 2018: S&P](https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p.md) | -1.5% | +5.3% |
| WTI | 2018-03-30 | [Exclusive: China taking first steps to pay for oil in yuan this year - sources](https://feedsoft.ai/events/66215-exclusive-china-taking-first-steps-to-pay-for-oil-in-yuan-this-year-sources.md) | -4.4% | +5.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/073020-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal-oil-gas-decoupling-continues

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.