Financial Times: Asian LNG Markets on Cusp of Change

“For years LNG was bought on long-term contracts, since the expense of producing vast liquefaction plants meant producers could only finance them by locking in long-term supply contracts. But now big changes in the balance of supply and demand are putting pressure on that model and point to Asia – which accounts for almost two-thirds of global LNG consumption – playing a key role in the development of a bigger spot market. . . . Poten & Partners, a shipbroker which specialises in LNG, estimates that spot trading will grow 11 per cent a year until 2015, with the overall market growing 7 per cent.”