Insight

LNG price renegotiations – Petronet and ExxonMobil trade more LNG for a lower price

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Report summary

Amidst the LNG glut buyers are putting pressure on sellers to renegotiate contracts signed during the boom. The reported Gorgon LNG contract renegotiation between Petronet and ExxonMobil marks an early development in that trend presenting offsetting value impacts as lower prices are traded for increased volumes. This insight presents analysis of the different value impacts the renegotiations may afford both parties under the potential new deal terms reported to date. It highlights the possibility for and caveats around these renegotiations setting a precedent for further LNG contract renegotiations in Asia.

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  • LNG price renegotiations – Petronet and ExxonMobil trade more LNG for a lower price: Image 1
  • Exxon annual revenue impact
  • India contracted supply vs demand
  • LNG price forecast into Japan

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