Natural Gas Asia

Saturday, May 27, 2017

News - China

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Despite Low Oil Prices Asian LNG Buyers May Not Go for JCC Only Price Indexation

Although recent drop in oil prices has weakened the argument that oil-price indexing is disadvantageous for customers, Asian buyers may be reluctant to go back to JCC-only price indexation even with strong price review provisions in future contracts, Vivien Yang, partner with law firm Simmons & Simmons...

Husky, CNOOC Resolve Gas Price Dispute

Husky Energy has agreed to reduce the price of gas it supplies to CNOOC Limited from the Liwan 3-1 and Liuhua 34-2 fields offshore China. Calgary-based Husky announced on Tuesday that it has signed an agreement with CNOOC to accept a price of between C$12.50 ($9.54) and C$15 ($11.45) per thousand cubic feet.