Article from: OGEL 3 (2020), in Liquefied Natural Gas (LNG)
The speed with which the LNG market has evolved is remarkable. It is perhaps unsurprising that LNG sales contracts executed in the late 1990's did not anticipate such changes. However, as the LNG market continues to evolve, destination flexibility is now a key issue. In this article we will examine how the key gas consuming markets of Europe and Japan have sought to promote destination flexibility in LNG sales, and whether such efforts are likely to achieve a global, flexible and transparent LNG market.