Big article in papers today - Japan trying to change LNG pricing away from oil-linked contracts. Gas trading at $2.50Gj in the US (Henry Hub) whereas they pay $15+ on LNG imports.
Hurts LT view of gas pricing & SXY's attractiveness to bidders.
Obviously Japan is making noises trying to get their energy costs down - putting pressure on the gas companies to justify the price disparity.
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Big article in papers today - Japan trying to change LNG pricing...
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