Why Japan’s utility firms want to pull the plug on destination restrictions for LNG supply
A hardened feature of long-term LNG contracts, the destination clause, is coming under renewed scrutiny as the quest for flexibility gathers momentum.
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In June 2022, the European Commission allowed Spain and Portugal to decouple the price of gas from that of electricity for 12 months.
Following Russia’s invasion of Ukraine and the subsequent decrease of Russian pipeline gas supplies to Europe, much attention has been paid to the continent’s gas crisis. Receiving fewer...