Monday, February 27, 2017
The big question for the gas market in 2017 is whether strong signs of the emergence of a truly global gas market will evolve further, maintains S&P Global Platts, pointing to a large degree of price convergence between regional markets in 2016. Traditional pricing in international gas trade has been based on oil indexation, but the oil price rollercoaster of the last few years, increasing LNG production, and growing competition between LNG and pipeline gas have led to a rethinking of oil indexation.