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Japan's Fair Trade Commission ruled that LNG contracts should not restrict buyers from reselling cargoes after they take title. The decision follows a long study of the market and affects Japan, South Korea and China.
Analysts say it shifts bargaining power toward buyers.
Freer resale rights increase the liquidity of the spot LNG market and may put downward pressure on gas prices. The change reinforces the buyer-led trend in gas contracting.
thenationalnews.comAnthony McAuleyJun 30, 2017After 34 past policy events, Natural Gas moved a median -1.7% over 5 sessions (38% higher; middle half -7.4% to +2.5%), and +2.6% over 20.
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.
