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.
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 is the opinion editor and an editorial leader writer. He covered trade and industry across the Asia-Pacific region from Singapore and Hong Kong, and is a former editor of BRW magazine. Connect with Kevin on Twitter. Email Kevin at kchinnery@afr.com
