There is no doubt LNG buyers are mainly attracted to US export capacity by historically low Henry Hub prices.
However, market players point to a variety of other reasons why utilities, traders and portfolio buyers are lining up for access to the liquid North American gas market.
For example, export project developers are offering sales and capacity deals with flexible terms that break from the point-to-point agreements that have dominated the LNG scene for decades.
This is a boon to portfolio buyers such as BG Group and GDF Suez, as well as traders like Japan’s Mitsui and Sumitomo.
