LNG Unites Global Natural Gas Demand
Every once so often, someone declares that a global price benchmark for LNG will emerge soon. And every time it dies with a whimper. Let me give you a hint. What determines a markets flexibility to deal with shocks. Right, the market sinks. A sink is a place where you can dump an excess cargo at a predictable price and where all the requisite capacities are available. Currently, only NW-Europe plays ball here. This means, thats the price that will determine what someone is ready to pay for a cargo – plus location differentials of course. So if you wait for an LNG price index to emerge, start with TTF.
