-
Market shifting value of Brent LNG contracts
As gas prices have declined across the last 18 months, market focus on the value of flexibility in LNG contracts has increased. We published an article in Feb 2024 setting out drivers behind this increase in LNG market focus on flex value. In that article we showed analysis of value shifts in a US LNG export contract. In today’s article we show analysis of a Brent indexed LNG Supply & Purchase Agreement (SPA). Brent indexed SPAs represent a substantial portion of global LNG supply contracts. These contracts have a strike price indexed to Brent, but deliver physical cargoes which are valued against LNG price ... (full story)