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
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.