Australian gas customers are moving in for the kill:
The recent renegotiation of the Gorgon contract between India’s Petronet LNG (PLL) and Mobil Australia Resource Company is bound to open more doors for similar deals, credit rating agency ICRA said.
It said that akin to PLL, Gail is also is trying to renegotiate such contracts and swap LNG with other marketers in other regions of the world, it said. “It is expected that major buyers in Japan, South Korea and China could also look to renegotiate contracts to reflect term prices more aligned to the spot market.
