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Asian LNG Buyers Favoring Oil Indexation in Long Term Contracts

LNG

Asian LNG buyers are now favoring oil indexation in their long-term contracting needs in order to move away from additional US LNG commitments according to Energy Intelligence.

  • Asian buyers are trying to build a diversified portfolio by geographic location, suppliers and pricing exposure.
  • They are seeking to diversify away from volumes linked to US Henry Hub natural gas and limit shipping risks, currently exemplified by the drought-induced congestion issues at the Panama Canal.
  • Middle Eastern LNG suppliers are the best placed to offer oil-linked contracted volumes, with Oman LNG, Adnoc Gas and QatarEnergy the leading companies seeking to attract Asian buyers.
  • Oman LNG has contracted most of its capacity already, leaving the bulk of the region’s remaining oil-indexed LNG volumes to Adnoc and Qatar.
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