Natural Gas Exporters Want Oil-Linked Pricing to Maintain Supply
- Industry to invest $8 trillion by 2040 to meet demand: GECF
- There’s no current or future glut in LNG, new GECF head says
Photographer: Haidar Mohammed Ali/AFP/Getty Images
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The debate over how to price natural gas is settled, at least for exporters, and oil-indexing should prevail.
Prices have to be linked to crude oil to keep expected revenue predictable, with some $8 trillion of investments in the fuel needed by 2040, according to Yury Sentyurin, the new head of the Gas Exporting Countries Forum, an industry group representing gas sellers. Many consumers are opting for different formulas used by the U.S. and Australia, which are emerging as top exporters.