Life is hard when you were used to buyers coming and kissing your behind in order to get volumes and now you actually find out that you need sales. My compassion is limited though. LNG project developers and producers had this coming for a long while. It was their sheer hubris and arrogance that shielded them. No more.
Gunvor Group Ltd. agreed to double the maximum amount of liquefied natural gas it plans to buy from a $4 billion export project in Louisiana and said it will recruit additional customers for the terminal.