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Bloomberg reports that a worldwide gas glut has let buyers push for better terms and shorter contracts. LNG Ltd's chief executive warned that the market could tighten by 2021 if buyers avoid long-term contracts needed to finance new export terminals.
Malaysia's Petronas has already scrapped a $27 billion Canadian export complex because of low prices.
Cancelled export projects and a possible shift back to long-term contracts could tighten supply later, but the near-term price outlook remains soft.
energynow.comAug 9, 2017Not 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.
