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LNG executives at the World Gas Conference in Washington argued that the market needs a better pricing benchmark than oil-indexed contracts. Woodside's CEO said LNG should be delinked from crude, while Cheniere's CEO warned that high oil-linked prices could erode buyer demand.
The discussion concerned contract structure rather than a specific price move.
If LNG pricing shifts away from oil indexation, gas and energy price relationships could change, affecting long-run energy input costs. There is no immediate price effect on feed commodities.
freemalaysiatoday.comReutersJun 27, 2018Not 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.
