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Moreover, he said recent history shows US Henry Hub and Europe's National Balancing Point above Japanese Crude Cocktail ( JCC ) pricing; "it can happen again," he said, as the number of short-term cargoes increases and LNG supply and market flexibility
Sales terms otherwise remained similar with long-term take-or-pay arrangements. In Japan, the Japanese Crude Cocktail ( JCC ) became the oil price benchmark for LNG. In some contracts floor-prices were replaced by moderated crude pricing equations
crude-oil netbacks and finished products such as distillates and fuel oils. In the Far East, the Japanese Customs Cleared ( JCC ) price, the average price of crude oils imported into Japan each month, is a very commonly used index. The majority of LNG