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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Ira Joseph is a Senior Research Associate at the Center on Global Energy Policy at Columbia University. Until 2022, he was the global head of global generating fuels and electric power pricing at S&P Global Platts, with over 30 years of experience in the sector. Prior to his pricing role, he was global head of Gas and Power Analytics at Platts. Ira joined S&P Global Platts during the acquisition of PIRA Energy Group in 2016, where he started the firm’s European Gas and Power and Global LNG services in 1999. Before PIRA, he worked at Energy Intelligence Group, where he was the editor in chief of World Gas Intelligence and authored versions of the International Crude Oil Handbook and the original Global Gas Handbook.
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