LNG market upheavals push Asian buyers to seek more legal protection in contracts

摘要

The price extremes of the Asian LNG market in the past year, due tothe pandemic-driven demand destruction of 2020 and winter demandspike of early 2021, created friction between buyers and sellers that arelikely to feed into negotiations as more LNG contracts get signed.Buyers in Asia have found themselves unable to hold suppliersaccountable beyond limited monetary compensation for non-deliveryof LNG cargoes under a contract, especially when energy security is atstake and the gas is critical to keep the lights on.