Asian LNG pricing: evolution or revolution?
Market (hub)-based gas prices have been dominant in North America for the past quarter century. The UK has had a similar mechanism for nearly 20 years and, since 2008, major continental European gas markets have made a transition away from oil-linked to market prices. But in all of the major gas markets of these regions, prices were related to (domestic or imported) pipeline gas, with LNG as a marginal source of supply. The exception is Spain where – due to the influence of LN...Expand abstract
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