Alexandros Exarchou warns of difficulties in long-term LNG liquefied natural gas deals from the US and predicts rising prices.<\/p>\n
The difficulties that have arisen in securing long-term liquefied natural gas (LNG)<\/strong> contracts from the US were outlined by Atlantic SEE<\/strong> CEO Alexander Exarchou<\/strong>, speaking to Bloomberg, attributing them to the turbulence caused by the war in Iran on the international energy market.<\/p>\n As Exarchou said, American suppliers<\/strong> have now become more cautious and appear reluctant to commit to specific prices<\/strong> for a long period of time. “The situation is different from six months ago, when they were looking for such long-term deals,” he said.<\/p>\n According to him, the uncertainty about the price path<\/strong>, following the damage to the largest terminal LNG export terminal in <\/b>Katar, has led some US suppliers to even offer incentives to reduce volumes under existing contracts.<\/p>\n The CEO of Atlantic SEE<\/strong> recalled that the company, which is a joint venture between the Aktor<\/strong> Group and DEPA Trading<\/b>, has already signed a 20-year agreement<\/strong> last November with Venture Global Inc. to import 4 billion cubic meters of LNG per year<\/strong> from 2030, with most volumes destined for markets in the region.<\/p>\n At the same time, Exarchou revealed that the company is in discussions for additional LNG<\/strong> volumes from various suppliers in the US, expressing the view that spot prices<\/strong> will register a significant rise from September onwards.<\/p>\n","protected":false},"excerpt":{"rendered":" Alexander Exarchou warns of difficulties in long-term LNG deals from the US and predicts a rise in LNG prices.<\/p>\n","protected":false},"author":1,"featured_media":10197,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-10196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/10196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10196"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/10196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/10197"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Exarchou: Changing climate in the LNG market<\/h2>\n