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Osaka Gas has entered arbitration with the ExxonMobil-led PNG LNG project to seek lower prices on a decade-old contract indexed to oil. Analysts at Credit Suisse see the case as a bellwether that could prompt more buyers to seek relief as spot LNG prices hit seasonal decade lows.
Most Japanese LNG imports are oil-indexed.
Buyer pressure to renegotiate oil-linked LNG contracts signals weaker gas pricing across the market, with limited direct effect on feed commodity prices.
euromenaenergy.comJul 30, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
