LNG is advancing towards becoming a global commodity following the expansion of markets, growing volumes, and liquidity, and increase in spot-market transactions.
As buyers push for destination-flexible contracting and trading that allows them to resell or swap LNG cargoes, vessels are gaining more freedom to trade, and market players are better optimising their positions.
These trends have brought new players to the LNG industry, which traditionally comprised a small group of participants. According to the International Group of Liquefied Natural Gas Importers, the number of LNG importing markets has increased almost fivefold since the 1990s. To watch video, click here.