Why Asian Buyers Seek More Permanent Protection in Their LNG Contracts?

The price extremes of the Asian LNG market in the past year, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed, reports Platts.

What is the reason behind?

The price extremes of the Asian LNG market in the past year, due to the pandemic-driven demand destruction of 2020 and winter demand spike of early 2021, created friction between buyers and sellers that are likely to feed into negotiations as more LNG contracts get signed.

Buyer...

https://mfame.guru/why-asian-buyers-seek-more-permanent-protection-in-their-lng-contracts/

Qatar Petroleum Contracts With Sinopec For LNG Supply

According to an article published in AA Energy, Qatar Petroleum has inked a 10-year LNG Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 2 million tons per annum of LNG to China, the company announced on Monday.

Contract Ceremony

The Minister of State for Energy Affairs and President and CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, and Zhang Yuzhuo, the chairman of the Sinopec Group, signed the contract during a virtual ceremony attended...

https://mfame.guru/qatar-petroleum-contracts-with-sinopec-for-lng-supply/

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