Spot deals make up more of global LNG market as sellers get flexible | Reuters

Spot deals make up more of global LNG market as sellers get flexible | Reuters:

Spot trades and other short-term deals are making up more of the transactions in the global liquefied natural gas (LNG) market as producers in the United States and Russia offer more flexible volumes and traders increasingly handle cargoes.

Spot and short-term LNG trades, defined as cargoes delivered through contracts of four years or less, made up 32 percent of overall import volumes in 2018, up from 27 percent of imports in 2017, the Paris-based International Group of LNG Importers (GIIGNL) said on Monday in its annual report.

Cargoes delivered in less than three months from the transaction date increased to 25 percent of the market in 2018, compared with 20 percent in 2017, the GIIGNL said.