Insight
LNG contract trends
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What’s inside this report?
Our latest quarterly assessment of LNG contract and tender trends.
With each new report, you’ll get access to a full set of data files and a slide deck discussing the hottest trends.
Download the data files and perform your own analysis, using our interactive tools to filter and cut the data in multiple ways.
What key questions does this quarter’s report answer?
- What is the appetite for additional Henry Hub indexation in Asia?
- How will IMO regulations impact the relationship between Brent and JCC?
- How do contracts support new pre-FID projects?
Report summary
LNG contracting momentum has continued in 2023, with around 49 mmtpa (million metric tonnes per annum) of LNG SPAs (sales purchase agreements) signed since the beginning of the year. A further 16 mmtpa HOAs (head of agreements) have been signed. This follows 83 mmtpa of new LNG SPAs and HOAs signed last year. Recently, we are seeing a renewed momentum of Brent-linked contracting. 35 Brent-linked contracts have been signed since November last year, with large volumes from both Oman and Qatar.
Table of contents
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Recent LNG contract trends
- Brent-linked deals
- North American deals
- Moving forward
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Previous Pricing Trends
- Oil-linked prices
- Henry Hub Linked Prices
- Long-term uncontracted price assumption
- Our latest theme (Q3 2022)
- Our previous theme (Q3 2020)
Tables and charts
This report includes 18 images and tables including:
- Extract of the Theme slidepack
- Recent contracts
- LNG contracts ACQ by destination (including only SPAs)
- LNG contracts ACQ by destination (including SPAs and HOAs)
- ACQ of contracts by duration (SPA Only)
- ACQ of contracts by destination (SPA Only)
- ACQ of contracts by indexation (SPA Only)
- ACQ of contracts by source (SPA Only)
- Average oil indexations in new contracts + US$0.50/mmbtu constant
- Average oil indexations in new contracts in to Asia + US$0.50/mmbtu constant
- US liquefaction fee ($/mmbtu)
- ACQ of US LNG contracts by buyer type since January 2021
- Total ACQ of US LNG contracts by buyer type since January 2021
- Total ACQ of US LNG contracts by buyer type since February 2022
- ACQ of US LNG contracts by liquefaction owner since January 2021
- Total ACQ of US LNG contracts by liquefaction owner since January 2021
- Total ACQ of US LNG contracts by liquefaction owner since February 2022
What's included
This report contains:
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