As Qatar Petroleum readies its long-awaited expansion of the world's largest offshore gas field,it is likely to face pressure from LNG buyers for more flexible contract terms in an increasingly competitive market.QP has historically relied almost solely on oil indexation in its longterm contracts,but as global LNG markets increasingly commoditize and the use of benchmarks grows,Qatar's commercial strategy has shifted,including greater use of the Japan Korea Marker(JKM).Further market-based pricing changes can be expected,especially when QP brings more LNG production online,analysts and traders say."Due to market uncertainties,there is a likelihood we are transitioning from a place where Qatar was very much focused on achieving the best price for its LNG,to a place where they are thought to be more flexible on the pricing,if it means they can maximize the placement of their additional production,"Jean-Michel Saliba,a Middle East and North Africa economist and director with Bank of America Merrill Lynch."This reflects the market reality."
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机译：随着卡塔尔石油公司（Qatar Petroleum）为其期待已久的全球最大海上气田扩张做好准备，在竞争日益激烈的市场中，它可能会面临来自液化天然气买家的压力，要求他们提供更灵活的合同条款。QP在其长期合同中几乎完全依赖石油指数化，但随着全球液化天然气市场日益商品化和基准使用的增长，卡塔尔的商业战略已经发生了变化，包括更多地使用日韩标记（JKM）。分析师和交易员表示，未来可能会出现更多基于市场的定价变化，尤其是当QP带来更多液化天然气在线生产时。Jean-Michel Saliba说：“由于市场的不确定性，我们有可能从一个卡塔尔非常专注于为其液化天然气实现最佳价格的地方，过渡到一个他们被认为在定价上更灵活的地方，如果这意味着他们可以最大限度地安排额外生产的话。”，他是中东和北非的经济学家，也是美国银行美林（Bank of America Merrill Lynch）的董事。“这反映了市场现实。”
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