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Sakhalin Energy Aiming for Higher Contract Prices for Asian Buyers

LNG

Russia’s Sakhalin Energy wants to raise long term LNG contract prices for Asian buyers according to Bloomberg reports.

  • The North Asian buyers haven’t yet accepted the proposal for higher rates according to Bloomberg sources.
  • It bucks the wider scale trend of falling prices for long term LNG contracts due to oversupply as further US and Qatar projects ramp up.
  • The facility supplied nearly 10% of Japan’s LNG needs last year and has not been targeted by G7 sanctions.
  • More than half of Sakhalin-2’s exports went to Japan last year.
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