European firms remain wary of long-term LNG supply contracts despite the sharp increase in LNG demand after the curtailment of Russian pipeline flows, industry experts told the Flame conference in Amsterdam this week. "Long-term LNG contracts bring risks," head of continental Europe merchant trading at Axpo, Marco Saalfrank, said. There are risks in volume, for example the risk of Russian supply returning to the continent in 10-15 years, or the risk of gas demand falling faster than expected over the next decades, he said. And there are also price hazards because hedging at the back of the curve is harder, Saalfrank ... (full story)