Insight

LNG contract trends

11 May 2022

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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?

11 May 2022

LNG contract trends

Report summary

The Russian invasion of Ukraine has dramatically impacted gas and LNG markets. Due to the conflict, many traditional LNG buyers will not procure spot gas or LNG from Russia. These buyers also will not renew or sign additional LNG contracts with Russian sellers. Spot prices remain high and buyers have returned to long-term contracting to protect national energy security. As a result, long-term contracting is off to a fast start in 2021 with more than 10 mmtpa signed to end-market users. Chinese buyers have been dominant in the market, signing more than 8 mmtpa of LNG SPA predominantly from pre-FID US projects.

Contract Trends
Volumes
Oil-linked prices
Henry Hub Linked Deals
Long-term uncontracted price assumption
Our latest theme (Q3 2020)

Tables and charts

This report includes 9 images and tables including:

Recent mid and long-term contracts (>5 years)
Recent short/mid-term contracts (<=5 years)
ACQ of contracts by duration

ACQ of contracts by destination
ACQ of contracts by indexation
ACQ of contracts by source
Average oil indexations in new contracts + US$0.50/mmbtu constant DES
Average oil indexations in new contracts in to Asia + US$0.50/mmbtu constant DES
Extract of the Theme slidepack