LNG market to break oil-linked gas price
The expanding global liquefied natural gas (LNG) market is likely to erode traditional oil-linked gas prices, if not break them completely, the Energy Charter Secretariat said on Wednesday
According to general secretary Andre Mernier, the global LNG market is expected to reach 450 billion cubic metres (cm), or 343 million tonnes of LNG, in 2015, compared with around 270 billion cm in 2008, with LNG volumes set to equal pipeline gas volumes in the next 20 years. “These trade dynamics also bring pressure for more flexibility, or will even break the link between oil and pipeline gas in long-term contracts,” he told the LNG Global Congress conference. A larger LNG market is expected to diversify supply sources and compete with pipeline supplies. Oil-indexation is already under pressure, with European hub prices significantly below these prices, making the traditional contracts eco
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
