Gas Glut Upends Global Trade Flows As Buyers Find New Leverage
“It isn’t necessarily that spot LNG is always cheaper than those supplied under long-term contracts,” said Kentaro Kimoto, an executive officer at Tokyo Gas Co., which has traditionally relied on long-term deals. “But we will need to start buying some LNG under spot or short-term contracts to minimize the divergence with market prices.”
--With assistance from Dan Murtaugh, Debjit Chakraborty and Naureen S. Malik. To contact the reporter on this story: Tsuyoshi Inajima in Tokyo at tinajima@bloomberg.net To contact the editors responsible for this story: Pratish Narayanan at pnarayanan9@bloomberg.net Aaron Clark, Dan Stets
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