US LNG: Cooperative rather than swing producer
The US has a vital role in promoting flexible and transparent LNG markets
It is easy to forget that the global LNG market was on the floor even before the unprecedented events of 2020 as the Covid-19 pandemic spread around the world. Months of over-supply from a surge in new capacity and softening demand, in part due to the impact of tariff wars, had sent prices plummeting. During previous price troughs, LNG market participants—producers, buyers and traders—would look towards diverting volumes to other markets, fuel switching in the power sector, and increased demand in price-sensitive sectors such as fertilisers to rebalance the supply-demand dynamic. But a new and much more efficient tool has now been introduced into the toolbox—the ability to contractually limi
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks