JKM globalises the gas market
A liberalized LNG market? And JKM mitigates the lack of pipeline interconnection? Wow, I wonder what they are sniffing? Because there is no liberalization at all in the LNG market – just oversupply and its consequences. That is being mistaken for liberalization. If there would be liberalization, LNG would be freely tradeable. I mean, in an instant for every cargo as its being done with oil. LNG is still a very unforgiving supply chain. Have excess cargo on your hands and you quickly learn what this means. Try to find one when there is none and same. JKM is a figment of the imagination of some LNG news publishers. It’s not a hub, its not a pricing point. LNG still has way to go.
