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gas is not liquid like oil. When your unit of trade is the LNG tanker and its $50 million of natural gas, there will never be complete liquidity in the market.

And the fact is, what you propose already exists in current contracts: LNG tankers can be diverted to other markets, if the spot price is more favorable than the pre-agreed formula under the long term contract, with a pre-agreed profit sharing mechanism between the parties. No need for your units to do that.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Oct 26th, 2009 at 09:42:36 AM EST
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