Well... the first major contract of 2017 has been locked in. Italy's Eni has signed a 15 year supply deal (through till 2032) for over 11MTs with Pakistan to be delivered to their new FSRU in Port Qasim, Karachi. A significant part of the LNG will be sourced from Indonesia, where the Jangkrik field operated by Eni will come online in a few months.
Hopefully that's a promising sign that buyers who have been sitting pretty on the fence, will get back in the game pronto, realising they could miss out if the market tightens sooner than thought...
LNG Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
