Bland LNG contracts need a bit of seasoning

Smart contracting is not going to solve the fundamental issues LNG grapples with right now. LNG has lived in a dream world for more than 10 years, first reading the shale gas evolution wrong, then making Fukushima and declaring a new sellers market that will last forever, then overhyping China to a point that not even this big country could deliver on and completely ignoring the vehicle fuels market which could be its best growth market. The contracts are bland, but they are not the problem. The LNG world’s attitude is.

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