Big LNG Traders to Retain Control of LNG Flows Until 2026

A few years ago, a trader could buy an LNG cargo for $15-$20 million. Today? It's an order of magnitude higher. A single "spot" LNG cargo now fetches $175-$200 million! Given the money involved, only a handful of international energy majors and top global trading houses are currently in the game of buying and selling such cargoes. And it appears it will stay that way--in the hands of the big players--at least until 2026. That's the analysis according to Reuters.

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