Are Traditional Asian LNG Contracts Equipped to Deal With Extreme Price and Demand Volatility?

    View Author January 2022
    In the last decade, buyers across Japan, Korea, Taiwan and China (the JKTC region) contracted to purchase significant volumes of liquefied natural gas (LNG) on long-term contracts. In certain jurisdictions, recent improvements in energy efficiency coupled with a growth and uptake in renewable energy have prompted a reduction in electric power demand, leaving certain buyers facing an oversupply issue across their portfolios.