# LNG sellers, Asian buyers spar as contract fight brews amid supply glut

> Qatar, the world's largest LNG exporter, is in a dispute with its biggest Japanese customers as new cheaper contracts with flexible terms gain ground. Exporters are trying to keep long-term deals written during tighter markets. Asian spot LNG has fallen more than 70% since 2014 to about $5.50 per million BTU amid a wave of new supply from Australia and the US.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: trade · region Asia · magnitude low
- Page: https://feedsoft.ai/events/70686-lng-sellers-asian-buyers-spar-as-contract-fight-brews-amid-supply-glut
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A global LNG glut is shifting bargaining power toward buyers and pushing spot gas prices lower. Lower gas prices reduce nitrogen fertilizer and energy costs for feed producers over time.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-07-21 | [Weak Demand Forces Buyers To Cancel U.S. LNG Cargoes \| OilPrice.com](https://feedsoft.ai/events/52292-weak-demand-forces-buyers-to-cancel-u-s-lng-cargoes-oilprice-com.md) | +6.9% | +39.1% |
| NATGAS | 2021-09-01 | [China's LNG import surge to cool in winter as high prices bite](https://feedsoft.ai/events/45735-china-s-lng-import-surge-to-cool-in-winter-as-high-prices-bite.md) | +9.9% | +28.7% |
| NATGAS | 2023-10-02 | [US LNG exports slump in September as plant outages pare output \| Reuters](https://feedsoft.ai/events/33805-us-lng-exports-slump-in-september-as-plant-outages-pare-output-reuters.md) | +18.5% | +14.3% |
| NATGAS | 2020-06-22 | [Buyers of US LNG to cancel 40-45 cargoes for August loading - Markets - Business Recorder](https://feedsoft.ai/events/52799-buyers-of-us-lng-to-cancel-40-45-cargoes-for-august-loading-markets-business.md) | -7.6% | +6.2% |
| NATGAS | 2021-12-23 | [European Gas Plunges as Recent Rally Lures Flotilla of U.S. LNG](https://feedsoft.ai/events/43788-european-gas-plunges-as-recent-rally-lures-flotilla-of-u-s-lng.md) | -6.9% | +2.3% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/lng-sellers-asian-buyers-spar-as-contract-fight-brews-amid-supply-glut-idUSKBN18S3J8/

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