CERA: Global LNG market could see more contract flexibility

The LNG market is set to become even more global, with both suppliers and consumers contemplating an emerging trend toward greater contract flexibility, industry speakers told a Cambridge Energy Research Associates conference last month in Houston.Global gas demand is expected to grow by 2.8%/year to 2025, based largely upon strong markets in North America, Europe, and North Asia, Petronas Pres. and CEO Tan Sri Mohd Hassan Marican said in a keynote address Feb. 11 at the annual CERAWeek conference (OGJ Online, Feb. 11, 2004)."LNG today is what oil was 50 years ago," Hassan said. LNG has enabled monetization of formerly stranded gas reserves, he noted. Meanwhile, technology has helped decr...

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