European Industrial Firms Break Tradition With LNG Deals

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European industrial firms appear to be breaking away from traditional short-term supply contracts after German chemical giant BASF signed last week a long-term LNG supply deal with US producer Cheniere. It marks the second such agreement between a European industrial firm and a US LNG producer after London-based petrochemicals company Ineos’ deal with Sempra last year. Further LNG contracting by European industrial companies should be expected amid security of supply concerns and volatile European gas prices, analysts suggest.

LNG Supply, LNG Contracts, LNG Demand, Gas Demand
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