U.S. LNG producers fear more price drops as they await China buys under Phase 1 deal

January 31, 2020/in /by Rudolf Huber

China has two ways to do this. Buy a huge lot of LNG on the spot market. That’s not going to help US terminal developers who need long-term agreements in order to pull towards FID. Or they take those longterm contracts but then what’s the price. Thee is the market price, there is the price China wants to pay and there is the price the terminal developer needs I order to cover his costs. Those 3 are very hard to join – some say impossible. I am curious how this is going to petter out. Popcorn is ready.

China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases may come too late to keep natural gas prices…

Reuters

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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I was introduced to and met Rudi in Angola when he started to develop his Sub Saharan Africa network. At the time he worked for EconGas/OMV and he tried organizing longterm LNG supply for them under the unlikeliest of all circumstances. He figured that Africa would be the only place where this would be a realistic prospect for long term uncommitted supplies of LNG. Rudi did not hesitate, started in Africa from absolute zero and spawned relationships and personal friendships with incredible speed. When I met him I didn’t know much about LNG. Today I follow the LNG news on my continent with great interest and a much clearer understanding of the LNG trade. Whenever I have a job that involves venturing into the unknown, Rudi will always be my man.

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I worked with Rudi on a key Europe-Middle East LNG supply chain transaction. He is incredibly driven and pushed the deal forward under very challenging internal and external circumstances. He is culturally astute and was able to navigate very successfully through the various subtleties within the global energy community. Also a great guy to work with!

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