Asian buyers sweat on a shale gas solution

The high cost of oil-linked LNG contracts have become a burden for Japan and other Asian countries, but a shift to contracts linked to US shale gas could bring prices down and revolutionise the market.

The tension between LNG producers and their Asian customers continues to rise, with Japan’s Economy, Trade and Industry minister, Toshimitsu Motegi, telling a conference in Tokyo today that Japan would work with other customer nations to reduce prices and announcing that Japan would work with India to form a multilateral buyers group.


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