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BP ‘in LNG contract linked to US gas price’

Oil giant BP will reportedly sell liquefied natural gas to Japan in a contract based for the first time on United States domestic gas prices, rather than the usual link to the much higher price of crude oil.

Kevin Chinnery

Oil giant BP will reportedly sell liquefied natural gas to Japan in a contract based for the first time on United States domestic gas prices, rather than the usual link to the much higher price of crude oil.

US domestic gas prices reflect the glut of shale gas production in the country.

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Kevin Chinnery was The Australian Financial Review’s opinion editor.

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    Original URL: https://www.afr.com/companies/energy/bp-in-lng-contract-linked-to-us-gas-price-20121210-j1dbl