Hoegh LNG chief executive Sveinung Stohle spoke bullishly of rising LNG supply as he says a growing spot market and competitive prices are making floating import terminal customers hungrier.
The executive, who is also chairman of US-listed spinoff Hoegh LNG Partners, told investors in New York that some 34% of LNG is expected to be sold on the spot market this year, a major change for an industry that has traditionally been focused on long-term deals for point-to-point shipment.
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