Qatar LNG sales to key Asian markets confronted by US, UAE rivalry

Qatar was once the top LNG supplier to Japan and South Korea, but buyers are showing preference for supplies from the United States, the United Arab Emirates and Oman. These suppliers all offer shorter-term contracts and unlike Qatar do not restrict the cargoes' final destination. This gives buyers flexibility to sell cargoes elsewhere in the future if they no longer need the cargoes. US sellers, ADNOC and Oman generally offer LNG volumes on a free-on-board (FOB) basis, which allows buyers to resell cargoes. Deals are usually linked to US natural gas prices at the Henry Hub benchmark, which tend to be cheaper than contracts linked to oil (Read more at Business Standard).