The old, conventional LNG players Japan, South Korea, and Taiwan always placed value on security of supply above anything else. Partly that is because those 3 especially have no pipeline supplies from anywhere plus their geology does not allow them to create large-scale underground gas storage. So they need to be sure they are getting what they need when they need it and hence pay a premium. Cooperation with European players that fill up storage could be interesting especially if Europe takes the LNG that cannot be used off-season.
South Korean utility is the latest to sign up for contractual volumes as the continent’s purchasers appear to put a greater premium on supply security than Europeans