America's Gas Is Hot in Shanghai. The Price, Not So Much
- ‘Nobody wants Henry Hub,’ says Russia’s Novatek CFO Gyetvay
- Most deals announced at conference sold on other price indices
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The world wants U.S. natural gas. American prices, though, it can do without.
U.S. gas companies at the LNG2019 conference in Shanghai this week have announced deals to sell a combined 4.5 million tons of liquefied natural gas a year from proposed multi-billion dollar projects. Nearly all of that was sold without a link to the U.S. Henry Hub benchmark, the most-widely traded gas price in the world.