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The overcapacity will hold down global prices This will place increasing tension on legacy LNG contracts signed
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in 2013 signed a 20 year contract for 1 4 million metric tons per year of output from the Cove Point LNG
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actively traded futures contract for Brent the global yardstick for crude oil jumped 13 in July its biggest
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consultancy has been tracking a flurry of contracting and project development milestones for U S liquefied
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half of Goldboro would produce The Uniper contract extended five times since it was signed in 2013
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The contract terms provide for launch of the liquefied natural gas plant’s first production train in 2023
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ExxonMobil’s deal to cut the price of liquefied natural gas supplied under long term contract to an Indian
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of a 15 year contract with Petronas that expires in March for 4 8 million tonnes per year The new
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to longer term contracts to guard against volatility Reuters; May 25 Natural gas buyers in Asia and Europe
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to new contracts that are expected to support LNG import growth said Szehwei Yeo an S P LNG analyst About
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that its long term contract stipulates for 2022 according to people familiar with the discussions Normally
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with FERC In addition to regulatory approvals Cheniere has not announced offtake contracts needed to secure
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output Almost 14 million tonnes of the plant’s capacity has been contracted to Osaka Gas Japanese utility
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shift prices paid for LNG across the world In Asian markets most LNG is sold under long term contracts
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reselling contracted LNG into the spot market he said Somebody has to lose a lot of money
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17 2016 Japan Fair Trade Commission investigating restrictive LNG contracts Reuters; Nov 16 Japan
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September 21 2015 LNG buyers making progress in push for more flexible contracts Platts; Sept 18 Calls
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output targeted for china Globaltec awarded the front end engineering and design contract last month to a
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but were seeing out their existing longer term contracts France’s Total will stop buying Russian oil by end
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of Mozambique said April 20 Total’s termination of contracts indicates it won’t restart work for at least a year