Tuesday 13 March 2018

Natural Gas Exporters Want Oil-Linked Pricing to Maintain Supply - Bloomberg

Natural Gas Exporters Want Oil-Linked Pricing to Maintain Supply - Bloomberg:

"The debate over how to price natural gas is settled, at least for exporters, and oil-indexing should prevail. Prices have to be linked to crude oil to keep expected revenue predictable, with some $8 trillion of investments in the fuel needed by 2040, according to Yury Sentyurin, the new head of the Gas Exporting Countries Forum, an industry group representing gas sellers. Many consumers are opting for different formulas used by the U.S. and Australia, which are emerging as top exporters. "Consumers should understand the peculiarities which producers face," Secretary General Sentyurin said in an interview. "Security of investment and supply can only be on the basis of long-term contracts closely connected to oil prices so we could plan further investments into crucial infrastructure.""



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