Long-term LNG contracts will have a flexible future
A deal between Chevron and Chinese customers for Gorgon LNG could prompt Japanese buyers to push for better terms. (Chevron)
Long-term LNG contracts are set to become increasingly flexible as the excess of supply in the market puts buyers in a stronger position to dictate terms.
Howard Miller, manager of gas and LNG at consultancy Lyndon Energy, has said there are a number of different ways buyers and sellers can renegotiate the terms of their long-term contracts to make them more attractive.