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Gas glut upends global trade flows as buyers find leverage

India is encouraging importers to rework long-term accords to better align costs with spot market prices
Friday, August 19, 2016 - 05:50
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Global LNG trade rose 2.5 per cent to a record 245.2 million tonnes in 2015, according to the International Group of Liquefied Natural Gas Importers.

Tokyo

THE market for liquefied natural gas (LNG) is about to attract more players and more trading as new supply from the US and Australia strengthens buyers' bargaining power.

Historically, LNG has been sold on long-term contracts that guaranteed buyers supply and helped producers