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LNG buyers try to ditch U.S. gas commitments

Reuters 

By Sabina Zawadzki and Jessica JaganathanLONDON/SINGAPORE - Several large liquefied natural gas (LNG) players have tried to offload their obligation to buy future cargoes from the United States, shedding excess commitments made years ago in the rush for new sources and commercial terms for the fuel.The sale of multi-year "strips" of LNG cargoes represent portfolio adjustments by the buyers rather than backlash against U.S. gas, several Asian and Europe-based traders said. But it was a timely reminder that there is only so much U.S. LNG, which can be more commercially attractive than gas from ...

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First Published: Tue, December 04 2018. 18:07 IST
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