Asian LNG consumers should move away from oil-linked prices and set up a gas market driven by fundamentals sooner rather than later, BHP Billiton's Mike Henry has told Asian and Australian business leaders in Darwin. “Support for greater spot market depth and pricing on the basis of LNG fundamentals rather than by way of linkage to other indices will enhance the functioning of the LNG market and hence supply resilience. And recent tentative moves by both buyers and sellers in that direction are encouraging but I think need to be accelerated,” he said.
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