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The head of the Gas Exporting Countries Forum argued that LNG prices should stay linked to crude oil to keep producer revenue predictable. He cited about $8 trillion of gas investment needed by 2040, and noted that buyers are increasingly choosing U.S. and Australian pricing formulas.
A shift away from oil-indexed contracts would change how gas and crude prices move together, affecting energy input costs for feed producers. This is a stance from an industry group rather than a concrete market change.
bloomberg.comMohammed SergieMar 13, 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.
